Question
Mark bid on a job to install sidewalks in New City.The job was advertised in various newspapers and electronically.Due to an error, Mark submitted a
Mark bid on a job to install sidewalks in New City.The job was advertised in various newspapers and electronically.Due to an error, Mark submitted a bid for $77,000, when in fact he intended to bid $770,000.New City accepted Mark's bid, mostly because all the other bids were over $800,000.a. New City sued to enforce the contract for $77,000.New City
a. wins because there was an offer, acceptance and consideration.
b. loses because New City knew or should have known of the mistake and Mark will be allowed to rescind the contract.
c. wins because this is a unilateral mistake of fact.
d. loses because enforcement of the contract would violate the statute of frauds.
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