Garth owns two all-terrain vehicles (ATVs),worth $1,000 and $500,respectively.Helen agrees to buy "Garth's ATV" for $750.Garth believes,in good faith,that he is selling the $500 ATV.Helen believes,in good faith,that she is buying the $1,000 ATV.In this situation
A)Garth is entitled to $750 for the $500 ATV.
B)Helen is entitled to the $1,000 ATV for $750.
C)Helen must buy both ATVs for $1,500.
D)there is no contract.

Question

Quizplus · Accepted Answer

Since Garth and Helen have a misunderstanding about which ATV is being sold, there is no mutual agreement as to the subject matter of the contract. Therefore, there is no contract between the parties.

Garth Owns Two All-Terrain Vehicles (ATVs),worth $1,000 and $500,respectively