That organization labeled the coin a counterfeit can


Question: Boskett, a part-time coin dealer, paid $450 for a dime purportedly minted in 1916 at Denver and two additional coins of relatively small value. After carefully examining the dime, Beachcomber Coins, a retail coin dealer, bought the coin from Boskett for $500. Beachcomber then received an offer from a third party to purchase the dime for $700, subject to certification of its genuineness from the American Numismatic Society. That organization labeled the coin a counterfeit. Can Beachcomber rescind the contract with Boskett on the ground of mistake?

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Business Law and Ethics: That organization labeled the coin a counterfeit can
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