Jill contracted to purchase Kevin's automobile under the belief that she could sell it at a profit to Linda,but after Jill bought the car,she found out that Linda isn't interested in buying it.Jill:
A) cannot void the contract with Kevin.
B) can rescind the agreement with Kevin.
C) could rescind the agreement with Kevin if she was mistaken in her estimate of the value of the auto.
D) can sue Linda for detrimental reliance.

Question

Quizplus · Accepted Answer

Jill's belief or intention to sell the car to Linda at a profit does not affect the validity of her contract with Kevin. The contract between Jill and Kevin is valid regardless of Jill's subsequent discovery that Linda is not interested in buying the car. Mistakes regarding future events or the mistaken belief about the ability to resell the item do not provide grounds to void a valid contract.

Jill Contracted to Purchase Kevin's Automobile Under the Belief That