Business, 11.03.2020 02:56 SkyThefly

Builders Inc., an experienced contractor, requested a bid from a supplier for lumber needed to complete a project. When responding to the bid, the supplier made a clerical error, and offered $30,000 worth of lumber for $3,000. Builders sent an e-mail accepting the offer. If this situation turns into a legal dispute, A) the Court will find there is no valid contract because the $3,000 is not sufficient consideration for $30,000 worth of lumber. This is a mutual unilateral mistake.
B) the Court is likely to find that this is a mutual mistake; both parties are wrong. The Court will order the parties to negotiate a fair deal.
C) the Court will enforce the agreement. The supplier should have been more careful in responding to the bid. This is a bilateral mistake.
D) the Court is likely to find that this is a unilateral mistake. However, since Builders knew (or should have known) that there was a mistake, the supplier will not be held to the $3,000 quote.

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