Jolissa Offers To Sell Her Horse For 5 000 To Torin And Torin Accepts This Offer

Jolissa offers to sell her horse for $5,000 to Torin and Torin accepts this offer on Monday. Unknown to either Jolissa or Torin, the horse dies on Tuesday. This death is discovered on Wednesday when Torin arrives to take possession of the horse. What is the legal status of the contract?

 

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