Multiple Choice
On May 6,Robbie entered into a signed contract with Ed,whereby Robbie agreed to sell Ed a painting with a fair market value of $350,000 for $130,000.Robbie believed the painting was worth only $130,000.Unknown to either party,the painting was destroyed by fire on May 4.If Ed sues Robbie for breach of contract,Robbie's best defense is:
A) risk of loss had passed to Ed.
B) lack of adequate consideration.
C) mutual mistake.
D) unconscionability.
Correct Answer:
Verified
Correct Answer:
Verified
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