Question
Rustini Corp., a building contractor, offered to sell Jackson several pieces of used construction equipment. Jackson was engaged in the business of buying and selling
Rustini Corp., a building contractor, offered to sell Jackson several pieces of used construction equipment. Jackson was engaged in the business of buying and selling equipment. Rustinis written offer had been prepared by a secretary who typed the total price as $10,900, rather than $109,000, which was the approximate fair market value of the equipment. Jackson, on receipt of the offer, immediately accepted it. Rustini learned of the error in the offer and refused to deliver the equipment to Jackson unless Jackson agreed to pay $109,000. Jackson has sued Rustini for breach of contract. Which of the following statements is correct?
Group of answer choices
The contract between Rustini and Jackson is void because the pprice set forth in the offer is substantially less than the equipments fair market value.
Rustini will not be liable because there has been a mutual mistake of fact.
Jackson will prevail because Rustini is a merchant.
Rustini will be able to rescind the contract because Jackson should have known that the price was erroneous.
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