I need some help with this question. I need to preface this by saying this is a BUSINESS LAW question and not an economics question. Unfortunately there is no Law category for me to post this on.

1. 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. (3 points)

These are some ideas i have that might relate to the answer:

- mistake

1. The mistake relates to a basic assumption on which the contract was made.
2. The mistake has a material effect on the agreed-upon exchange.
3. The party adversely affected by the mistake does not bear the risk of the mistake.5