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24-05-2024
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Tony owned a painting that he believed was an original by a famous artist. He entered into a contract to sell the painting to Doug for $50,000. At the time of the contract Tony told Doug that the painting was an original and that he was sure it would increase in value. Doug also believed that it was an original. They agreed that Tony would deliver the painting to Doug on Friday at which time Doug would pay Tony. Tony agreed to let Doug have the painting appraised before Friday and the appraisal revealed that the painting was a copy, not an original. Can Doug avoid the contract?

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