Question

Sierra offers to sell Alyssa a Scottish terrier puppy for $800. Alyssa and Sierra do not discuss the dog’s ancestry, but Alyssa believes that the dog came from champion lines and agrees to the price. Alyssa later discovers that the puppy is worth only $200. Can Alyssa rescind the contract based on her mistake?

a. Yes, because Alyssa had a duty to investigate, which she failed to perform.
b. Probably not, because Alyssa made a mistake about the dog’s value, not a mistake about a material fact.
c. Probably so, because Alyssa made a mistake about a material fact.
d. Yes, because the dog was clearly not worth $800.

Answer 1

The correct option is B

Step-by-step explanation:

Sierra offers to sell a puppy to Alyssa for the amount of $800. And they did not discuss the ancestry of the dog but Alyssa believes that the dog is from champion line. So, agreed on the same.

But later on she discovered the fact the she has been overpriced. So, grounded on this she is not allowed to revoke the contract. As she made made a mistake regarding the value or the worth of the dog not on the material fact of the dog.