HOMEWORK Business Law 280
A bookseller has agreed to sell to a book collector a copy of a
Virginia Woolf novel that was signed by the late author. The buyer is only
interested in buying the book because it contains Woolf’s signature. The
seller knows this, and with an authentic signature the book fetches a very high price. After the
bookseller sold the book to the buyer, it is later
discovered that the signature was actually forged decades earlier and
neither the seller nor the buyer knew of the forgery. The buyer sues the
bookseller. What should be the result of this lawsuit? Explain your answer.
Richie Rich owns an expensive sports car that is in perfect condition.
His neighbor Jughead asks Rich if he will sell the car, and Rich responds, “I will sell this car for
thirty bills.” Jughead returns with $3000 and gives it to Rich. Rich throws the money back into
Jughead’s face exclaiming, “Thirty bills means $30,000, not $3000. Jughead sues Rich to
enforce the contract for the sale of the car for $3000. What are Rich’s best defenses to this
Farmer John sells a horse to Han Solo who wants to use the horse
for polo games. Neither Farmer John nor Solo knows whether the horse
will be suitable for polo, and Farmer John makes no guarantees. When
Solo climbs on the horse ready to participate in the first polo match of the season, the horse
spends its time eating the grass. Solo tries to return the horse to Farmer John, but Farmer John
does not want the horse back. Solo sues Farmer John. What is the best theory of Farmer
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