Fact Pattern 15-2
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 15-2. Any contract with AgriCo-op that includes the mistake may be rescinded
A) if the error was made inadvertently and without gross negligence.
B) if the error was made intentionally or negligently.
C) if the error was made intelligently but distractedly.
D) under no circumstances.

Question

Fact Pattern 15-2
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 15-2. Any contract with AgriCo-op that includes the mistake may be rescinded
A) ​if the error was made inadvertently and without gross negligence.
B) ​if the error was made intentionally or negligently.
C) ​if the error was made intelligently but distractedly.
D) ​under no circumstances.

Quizplus · Accepted Answer

If the error was made inadvertently and without gross negligence, the contract may be rescinded. However, if the error was made intentionally or negligently, the contract cannot be rescinded. The other options do not affect whether the contract can be rescinded or not.

Fact Pattern 15-2 Lewis, an Employee of Silos, Inc., Makes a Substantial Mathematical