In La Junta, Carlos and Alvaro contract for the sale of five hundred head of Carlos’s cattle for $95 per head. Unknown to either party, a unforeseen storm has struck the herd and many of the cattle have died. Alvaro is
A)entitled to recover the value of the lost cattle.
B)not required to pay due to the bilateral mistake.
C)not required to pay due to the unilateral mistake.
D)required to pay because he assumed the risk the cattle might die.

Question

Quizplus · Accepted Answer

The contract is voidable due to a bilateral mistake, as both parties were unaware of the storm and the resulting loss of cattle, affecting the fundamental basis of the agreement.

In La Junta, Carlos and Alvaro Contract for the Sale