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Question
On May 6, Robbie entered into a signed contract with Ed, whereby Robbie was to sell Ed a painting having 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 had been 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.
Answer
This answer is hidden. It contains 146 characters.
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