Washington, an insane person of limited means, entered into a contract with Lincoln for the purchase of an antique axe and a cherry tree for $100. The price paid for both of these items was fair and reasonable and, at the time the agreement was made, Washington seemed to be a normal person. Subsequently, Washington refused to take delivery of either the axe or the cherry tree, or to pay for them. Lincoln wishes to know whether he can recover damages from Washington for breach of contract.
Answers
Answer:
Washington, An Insane Person Of Limited Means, Entered Into A Contract With Lincoln For The Purchase Of An Antique Axe And A Cherry Tree For $100. The Price Paid For Both Of These Items Was Fair And Reasonable And, At The Time The Agreement Was Made, Washington Seemed To Be A Normal Person. Subsequently, Washington Refused To Take Delivery Of Either The Axe Or The Cherry Tree, Or To Pay For Them.
Was There A Valid Contract Between Washington And Lincoln For The Purchase And Sale Of The Antique Axe And Cherry Tree For $100
Explanation:
Washington, an insane person of limited means, entered into a contract with Lincoln for the purchase of an antique axe and a cherry tree for $100. The price paid for both of these items was fair and reasonable and, at the time the agreement was made, Washington seemed to be a normal person. Subsequently, Washington refused to take delivery of either the axe or the cherry tree, or to pay for them. Lincoln wishes to know whether he can recover damages from Washington for breach of contract