Randolf, a wealthy connoisseur of arts, was invited to an art exhibition. He became very interested in one of the showcased art exhibits, and approached the manager to buy the piece. While he was interested in the painting of the catalogue number 1201, the art gallery's manager mistakenly assumed he was interested in another piece. When it was the time to complete the transaction, the manager realized that he had instead sold and delivered the wrong painting, and immediately clarified this with Randolf. In this instance, the contract can be canceled by either party for:

Question

Quizplus · Accepted Answer

This situation falls under the category of mutual mistake, as both parties were unaware at the time of the contract that they were referring to two different paintings. Therefore, the contract can be canceled by either party.

Randolf, a Wealthy Connoisseur of Arts, Was Invited to an Art