Jose visited a garage sale and found a baseball card collection which he believed was worth over $1,000. He bought the collection for $50.00 from Wanda. Later Jose discovered the collection was essentially worthless and demands his money back from Wanda. Must Wanda refund Jose's money?

Question

Quizplus · Accepted Answer

The contract is enforceable because Jose's mistake was unilateral (only he was mistaken about the value of the cards) and there is no indication that Wanda knew the true value or misrepresented it. Mistakes of value, especially when unilateral, generally do not void contracts unless fraud or misrepresentation is involved.

Jose Visited a Garage Sale and Found a Baseball Card