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.Moore's misstatement of the price is

Question

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Moore's misstatement of the price is a unilateral mistake, as it was made by Moore, not both parties involved. This mistake could potentially allow Moore to rescind the offer, but Lawn Acres may argue that it had already accepted the offer and therefore a binding contract had been formed.