Flora enters into a contract with Global Shipping, Ltd., to insure and ship a painting from France to the United States for a certain price. Global makes a mistake in adding the costs, which results in a contract price that is $1,000 less than the true cost. Most likely, a court would
A) allow the parties to rescind the contract.
B) award damages to Flora for the mistake.
C) award damages to Global for the mistake.
D) enforce the contract as is.

Question

Flora enters into a contract with Global Shipping, Ltd., to insure and ship a painting from France to the United States for a certain price. Global makes a mistake in adding the costs, which results in a contract price that is $1,000 less than the true cost. Most likely, a court would​
A) ​allow the parties to rescind the contract.
B) ​award damages to Flora for the mistake.
C) ​award damages to Global for the mistake.
D) ​enforce the contract as is.

Quizplus · Accepted Answer

A court would most likely allow the parties to rescind the contract due to the mistake in adding the costs, which significantly affects the agreement's terms.

Flora Enters into a Contract with Global Shipping, Ltd