Frodo found a ring in his house and took it to Gandolf, a jeweler, for evaluation. Although Gandolf knew what the ring was, he told Frodo that he wasn't sure as to the nature of the ring, but that he thought it was a worthless mood ring. Gandolf then offered to buy the ring for $100 and Frodo agreed. Later Frodo found out the ring was an ancient artifact made of gold worth about $2,000. The sale: Select one: is voidable based upon mistake as to the identity of the subject matter. is voidable based upon fraud in the inducement. was a valid contract that should enforced by the law. O a. O b. O c. O d. is voidable based upon fraud in the execution.

Frodo found a ring in his house and took it to Gandolf, a jeweler, for evaluation. Although Gandolf knew what the ring was, he told Frodo that he wasn't sure as to the nature of the ring, but that he thought it was a worthless mood ring. Gandolf then offered to buy the ring for $100 and Frodo agreed. Later Frodo found out the ring was an ancient artifact made of gold worth about $2,000. The sale: Select one: a. is voidable based upon mistake as to the identity of the subject matter. b. is voidable based upon fraud in the inducement. c. was a valid contract that should be enforced by the law. d. is voidable based upon fraud in the execution