Asked by
David Cleto
on Nov 27, 2024
Verified
Ray, an employee of Shipping Company, makes a substantial mathematical mistake in totaling estimated transportation costs for Tonnage Inc., which is seeking bids. Consequently, Shipping's bid is substantially low. Any contract with Tonnage that includes the mistake may be rescinded
A) if the mistake was made inadvertently and without gross negligence.
B) if the mistake was intentional.
C) if the mistake was unilateral.
D) under no circumstances.
Mathematical Mistake
An error made during the process of calculation or measurement, affecting the accuracy of results.
Gross Negligence
A severe lack of care or concern for the safety or lives of others, significantly deviating from the behavior expected of a reasonable person under similar circumstances.
- Explore the situations where a contract may be terminated on the basis of errors.
- Detect and compare diverse defenses that are accessible for the dissolution of contracts.
Verified Answer
BR
Learning Objectives
- Explore the situations where a contract may be terminated on the basis of errors.
- Detect and compare diverse defenses that are accessible for the dissolution of contracts.
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