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Contracts Keyed to Calamari
Nelson v. Rice
Citation:Court of Appeals of Arizona, Division 2, Department B, 2000. 198 Ariz. 563, 12 P.3d 238.
The plaintiff is the estate of the deceased Martha Nelson. In disposing of the assets of the estate, the estate engaged an appraiser to value the property prior to listing it for sale. The appraiser hired explicitly informed the estate that she did not value fine art, and that if any was found an expert would need to be called in to evaluate it. She completed her report, which contained no mention of any fine art. In reliance on this, the estate sold many items, including two paintings for $60. These paintings turned out to be painted by a renowned artist, and the defendants sold them at auction for over 1 million dollars. Plaintiff estate sued on grounds of mistake and unconsionability.
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