Asked by
Yasmin Assis
on Nov 27, 2024Verified
Restaurant Food Inc. intends to sell a certain quantity of beef for $1,100. In e-mail, however, the firm's sales representative mistakenly offers to sell the beef to Steak House for $1,000, Steak's manager immediately accepts. The seller
A) is bound to the deal at the offered price.
B) can rescind the deal.
C) is bound to the deal but can charge the intended price.
D) can rescind the deal and recover damages for the mistake.
Mistakenly Offers
Incorrect proposals made unintentionally during negotiations or in the course of business transactions.
Intended Price
The price at which a seller aims to sell a product or service, often reflecting costs, market conditions, and profit margins.
- Ascertain the scenarios in which a contract can be revoked due to falsehoods.
- Ascertain and contrast the different defenses that can be utilized for contract annulment.
Verified Answer
GG
Learning Objectives
- Ascertain the scenarios in which a contract can be revoked due to falsehoods.
- Ascertain and contrast the different defenses that can be utilized for contract annulment.
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