Jeb submits a bid to construct a student union building for the local community college. He realizes after submitting the final bid that he forgot to include the cost of the window casings for the entire building. He may:
A) revoke his bid at any time.
B) not revoke his bid due to the statutory irrevocability of the bid.
C) reject the offer of the college to build the student union when the college chooses his bid because it is the lowest.
D) refuse, based on the windfall theory, to put in the window casings even if they were part of the bid specifications put out by the college.

Question

Quizplus · Accepted Answer

Jeb cannot revoke his bid due to the statutory irrevocability of the bid, which means once a bid is submitted, it cannot be withdrawn if it is subject to such a statute.

Jeb Submits a Bid to Construct a Student Union Building