Fact Pattern 13-1
Lewis,an employee of Silos,Inc.,makes a substantial mathematical error in totaling the estimated costs for a project for which AgriCo-op is seeking bids.Consequently,Silos's bid is significantly low.
-Refer to Fact Pattern 13-1.Any contract with AgriCo-op that includes the mistake may be rescinded

Question

​Fact Pattern 13-1 
Lewis,an employee of Silos,Inc.,makes a substantial mathematical error in totaling the estimated costs for a project for which AgriCo-op is seeking bids.Consequently,Silos's bid is significantly low.
-Refer to Fact Pattern 13-1.Any contract with AgriCo-op that includes the mistake may be rescinded

Quizplus · Accepted Answer

If the error was made inadvertently and without gross negligence, it may be considered a mutual mistake of fact and the contract may be rescinded. However, if the mistake was made intentionally or negligently (B) or if the error was made intelligently but distractedly (C), the contract may not be rescinded as the mistake was not mutual. D is incorrect because there are circumstances in which the contract may be rescinded.

​Fact Pattern 13-1

Fact Pattern 13-1