Wilma,who lives in New York,enters into a contract to buy a painting from Fred,who lives in France.The contract includes all the costs of insuring and shipping the painting from France to New York.The agent that made the shipping estimate makes a mistake when adding up the costs and,as a result,the shipping cost listed in the contract is $1,000 less than the shipping actually costs.A court will most likely
A)allow the parties to rescind the contract.
B)award damages to Wilma for the mistakes.
C)award damages to Fred for the mistakes.
D)enforce the contract without requiring changes.

Question

Quizplus · Accepted Answer

The mistake in the shipping cost is a material mistake that would have caused Wilma to not enter into the contract had she known about it. As a result, a court will most likely allow the parties to rescind the contract.

Wilma,who Lives in New York,enters into a Contract to Buy