Wilbur decides to sell his collection of rare stamps on Ebay. When he is filling out the information for his item, he types $40 instead of $400 in the reserve price box. Wilbur does not notice his mistake until after the auction is over and someone has purchased his stamp collection for $75. Wilbur:

a. can rescind the contract because the stamps are worth much more than $75.

b. can rescind the contract because he made a unilateral mistake.

c. can claim he was defrauded.

d. cannot rescind the contract based on his unilateral mistake.

Question

Social Studies

Rylan Levine

21 July, 14:49

Wilbur decides to sell his collection of rare stamps on Ebay. When he is filling out the information for his item, he types $40 instead of $400 in the reserve price box. Wilbur does not notice his mistake until after the auction is over and someone has purchased his stamp collection for $75. Wilbur:

a. can rescind the contract because the stamps are worth much more than $75.

b. can rescind the contract because he made a unilateral mistake.

c. can claim he was defrauded.

d. cannot rescind the contract based on his unilateral mistake.

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Answers (1)

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Rapunzel · Answer 1

Option - D

Cannot rescind the contract based on his unilateral mistake. Wilbur decides to sell his collection of rare stamps on Ebay. When he is filling out the information for his item, he types $40 instead of $400 in the reserve price box. Wilbur does not notice his mistake until after the auction is over and someone has purchased his stamp collection for $75. Wilbur cannot rescind the contract based on his unilateral mistake.