2.99 See Answer

Question: Bundeson, a farmer, attended an auction of

Bundeson, a farmer, attended an auction of used farm equipment and successfully bid $1,600 for a tractor. When he returned home, he learned that a real estate developer was eager to buy his farm and build a shopping center on the property. Bundeson agreed to sell his farm, but then realized that he would not need the tractor he had just purchased and that it would be to his advantage to avoid the sale. He notified the auctioneer that he would not go through with the sale because the Uniform Commercial Code required a written contract for personal property sales of $500 or more. Will Bundeson succeed in avoiding the contract?
Principle of Law:


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