Fact Pattern 10-1
Moore Properties, Inc., offers in writing to sell to Lawn Acres Development Corporation a certain half-acre of land for “$112,000.” After Lawn Acres signs the offer in acceptance and returns it, Moore discovers that the price should have been stated as “$121,000.”

-Refer to Fact Pattern 10-1.The effect of Moore's misstatement of the price will most likely fall on
A)Moore and Lawn Acres,who must split the difference.
B)Moore only.
C)Lawn Acres only.
D)neither Moore nor Lawn Acres.

Question

Fact Pattern 10-1 
Moore Properties, Inc., offers in writing to sell to Lawn Acres Development Corporation a certain half-acre of land for “$112,000.” After Lawn Acres signs the offer in acceptance and returns it, Moore discovers that the price should have been stated as “$121,000.”

-Refer to Fact Pattern 10-1.The effect of Moore's misstatement of the price will most likely fall on
A)Moore and Lawn Acres,who must split the difference.
B)Moore only.
C)Lawn Acres only.
D)neither Moore nor Lawn Acres.

Quizplus · Accepted Answer

The misstatement of the price was made by Moore, indicating that he was the one responsible for the error. Therefore, the effect will most likely fall on him alone, not Lawn Acres.