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.Moore's misstatement of the price is
A)a bilateral mistake.
B)a fraudulent misrepresentation.
C)a unilateral mistake.
D)unconscionable.

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.Moore's misstatement of the price is
A)a bilateral mistake.
B)a fraudulent misrepresentation.
C)a unilateral mistake.
D)unconscionable.

Quizplus · Accepted Answer

Moore's misstatement of the price is a unilateral mistake, as it was made by Moore alone and not caused by any action or inaction on the part of the buyer.