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 14-2. Any contract with AgriCo-op that includes the mistake may be rescinded

Question

Quizplus · Accepted Answer

A contract may be rescinded if the mistake was made inadvertently and without gross negligence. In this scenario, Lewis made a mistake in totaling the estimated costs, which suggests it was an unintentional error rather than intentional or negligent. Also, the fact that the mistake was a significant mathematical error supports the notion that it was inadvertent rather than intelligent distraction. Therefore, option A is the best choice.

Lewis,an Employee of Silos,Inc