1) You sign a contract to sell your horse to Manny for $1000. At the time of signing the contract, neither you nor Manny know that the horse has died. Discuss whether the contract is valid or not.

2) You sign a contract to sell your car to Sarah for $1000. At the time of signing the contract, neither of you are aware that the car was stolen from the rightful owner. Is the contract

• Valid and able to be preformed
• Void due to common mistake
• Void due to frustration of the contract
• Concluded. Sarah may make a claim for damages under Australian Consumer Law

Answer rating: 100% (QA)

1 In this scenario the contract to sell the horse to Manny would likely be considered void or unenforceable For a contract to be valid it requires the existence of a subject matter that is capable of ... View the full answer