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Danny agrees to buy John's farm. John's health is bad and he is longer able to keep it running and producing. They execute a contract for Danny to pay John $50,000 for the deed to his farm. After the contract is executed Danny has the farm appraised and it only apprises for $40,000. Is this a material mistake, incidental or unilateral mistake and does it void the contract? It is a unilateral contract and is voidable by Danny. It is an incidental mistake and the contract is voidable. It is an incidental mistake and the contract is valid and legally enforceable. It is a material mistake and the contract is voidable.
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