Question
A and B sign a written contract for A's services over the next 18 months, for which B will pay $160,000. Neither A nor B
A and B sign a written contract for A's services over the next 18 months, for which B will pay $160,000. Neither A nor B noticed that the typist had mistakenly typed $120,000. How does this error affect the rights of A and B?
Question 10 options:
A)
Even though the parties did not notice the mistake, they are required to read the memorandum prior to signing and the court will not reform the contract.
B)
The Statute of Frauds does not allow reformation of signed written contracts.
C)
The memorandum will likely be reformed to show the true agreement of the parties.
D)
Under the Statute of Frauds, either party can have the contract voided.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started