Innis Ltd. reach a verbal agreement with McKenzie Co. to sell them 16 tonnes of first-grade steel for $2,100 per tonne. At the request of McKenzie, Innis drew up a written version of the contract and both parties signed it. Shortly after delivery, Innis received a cheque from McKenzie for $19,200 in full settlement of the account, and was horrified to discover that the figures 1 and 2 had been reversed in the written contract and the price read "$1,200 per tonne" instead of "$2,100 per tonne," and neither party had noticed it at the time.
Discuss what Innis Ltd. may do in this case.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q41: Innocent misrepresentation renders a contract voidable at
Q42: Your car dealer hands you documents for
Q43: Misrepresentation by nondisclosure renders a contract voidable
Q44: ABC Construction Co. was building a large
Q45: Generally, a party is under a duty
Q47: Indrek, a university student, owned a small
Q48: Chris and Sally were successful professionals who
Q49: Given the degree to which courts are
Q50: Where there has been rescission, there must
Q51: Duane applied to the municipality of Smallville
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents