Question: Able offers Baker $ 1 0 0 , 0 0 0 for his farm, and they sign an agreement for the sale. Before the money

Able offers Baker $100,000 for his farm, and they sign an agreement for the sale. Before the money is paid, Able finds out that the market value of the farm is only $65,000. Able
does not have to go through with the contract because there was a mistake of fact.
does not have to go through with the contract because there is not adequate consideration.
must pay $100,000; the contract is valid.
must buy the farm, but the price will be lowered when the court reforms the contract.
Able offers Baker $100,000 for his farm, and they sign an

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