Question 20 apts Annie cleans her attic and finds a red dress in a garment bag She doesn't want to shy offers to sell it

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Question 20 Apts Annie Cleans Her Attic And Finds A Red Dress In A Garment Bag She Doesn T Want To Shy Offers To Sell It 1 (33.11 KiB) Viewed 20 times

Question 20 apts Annie cleans her attic and finds a red dress in a garment bag She doesn't want to shy offers to sell it to Molly for $20. Molly likes the dress and buys it from Annie for $20. Molly later takes the dress to a tailor for alterations. The tailor believes that the dress is a Coco Chanel original and connects Molly with the Chanel boutique in Paris. The boutique historian confirms authenticity and values the dress at $70,000. Molly tells Annie, who immediately asks for the dress back. Molly refuses. Annie sues, claiming that the sales contract between her and Molly is vold. How does the Court rule and why? The Court finds for Molly because contracts that result from mistakes of fact are usually enforceable. The Court finds for Annie because contract resulting from bilateral mistakes can be rescinded. The Court finds for Annie and voids the contract on the grounds that Annie only sold the dress for such a low price because she had no idea of its value. The Court finds for Molly because contracts resulting from mistakes of value are usually enforceable.