Joy and Karl contract for the sale of Joy's prize-winning show dog for $1,000.Unknown to either party,the dog has died.Karl is
A)entitled to another dog of equivalent value.
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 dog might die.

Question

Quizplus · Accepted Answer

The contract is void due to a bilateral mistake, as both parties were unaware of the dog's death, making the subject matter of the contract nonexistent.

Joy and Karl Contract for the Sale of Joy's Prize-Winning