NSW Are all the elements of a valid contract present? Can you explain?

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Rivadenski

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20 January 2021
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A man named James sold his 1965 e-type jaguar car to a girl named Shirley for $18,500. During the negotiations James claimed that the car was actually a 1963 model, which were rarer, and therefore more valuable.

Shirley, who was 17 at the time of purchase, bought the car on the understanding it was the 1963 model.