Purchased a dime purportedly minted

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Reference no: EM13964167

Burkett, a coin dealer, purchased a dime purportedly minted in 1916 at the Denver Mint for $450. The coin was considered rare and valuable. Burkett, in turn, sold the coin to Beachcomber Coins Inc. for $500. An expert at Beachcomber examined the coin for up to 45 minutes before it was sold. When Beachcomber later tried to sell the coin, the coin was declared a counterfeit by the American Numismatic Society, and Beachcomber was unable to sell the coin. Beachcomber sued Burkett to rescind the sales contract. Is the contract valid or void? Explain.

Reference no: EM13964167

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Purchased a dime purportedly minted : Burkett, a coin dealer, purchased a dime purportedly minted in 1916 at the Denver Mint for $450. The coin was considered rare and valuable. Burkett, in turn, sold the coin to Beachcomber Coins Inc. for $500. An expert at Beachcomber examined the coin..

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