Problem I:
Boskett, a part-time coin dealer, paid $450 for a dime purportedly minted in 1916 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 re- ceived 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 la- beled the coin a counterfeit. Can Beachcomber rescind the contract with Boskett on the ground of mistake?
Problem II:
Retailer opened a baseball card store in vacant prem- ises next to an existing store. The card shop was very busy on opening day, so Retailer got a clerk from the adjacent store to help out. The clerk knew nothing about baseball cards. A boy who had a large baseball card collection asked to see an Ernie Banks rookie card, which was in a plastic case with an adhesive dot at- tached that read "1200." The boy asked the salesclerk, "Is it really worth $12?" The salesclerk responded, "I guess so," or "I'm sure it is." The boy bought the card for $12. In fact, the true price intended by Retailer was $1,200. Can Retailer get the card back from the boy?
Problem III:
Stambovky, a resident of New York City, contracted to buy a house in the Village of Nyack, New York, from Ackley. The house was widely reputed to be pos- sessed by poltergeists, which Ackley and members of her family had reportedly seen and reported to both Reader's Digest and the local press. In 1989, the house was included in a five-home walking tour of Nyack and described in a newspaper article as a "riverfront Victorian (with ghost)." Ackley did not tell Stam- bovsky about the poltergeists before he bought the house. When Stambovsky learned of the house's repu- tation, however, he promptly sued for rescission. Will he be successful?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.