Restaurant Food Inc. intends to sell a certain quantity of beef for $1,100. In e-mail, however, the firm's sales representative mistakenly offers to sell the beef to Steak House for $1,000, Steak's manager immediately accepts. The seller
A)is bound to the deal at the offered price.
B)can rescind the deal.
C)is bound to the deal but can charge the intended price.
D)can rescind the deal and recover damages for the mistake.

Question

Quizplus · Accepted Answer

The seller is bound to the deal at the offered price because the offer was accepted by Steak House's manager before any correction was made, creating a binding contract at the accepted terms.