Moore Properties, Inc., offers in writing to sell to Lawn Acres Development Corporation a certain half-acre of land for "$112,000." After Lawn Acres signs the offer in acceptance and returns it, Moore discovers that the price should have been stated as "$121,000."
-Refer to Fact Pattern 13-3.The effect of Moore's misstatement of the price will most likely fall on

Question

Quizplus · Accepted Answer

Moore made a unilateral mistake in stating the price, and since Lawn Acres accepted the offer as presented, Moore is bound by the terms of the contract unless they can prove that Lawn Acres knew or should have known about the mistake.