Fact Pattern 14-A2 (Questions A5-A6 apply)
Moore Properties,Inc.,offers in writing to sell to New Development Corporation (NDC)a certain half-acre of land for "$112,000." After New Development signs the offer in acceptance and returns it,Moore discovers that the price should have been stated as "$121,000."
-Refer to Fact Pattern 14-A2.The effect of Moore's misstatement of the price will most likely fall on
A)Moore and NDC,who must split the difference.
B)Moore only.
C)NDC only.
D)neither Moore nor NDC.

Question

Quizplus · Accepted Answer

Moore made the mistake in the offer, and since NDC accepted the offer as stated, Moore is bound by the terms of the contract at the price of $112,000.

Fact Pattern 14-A2 (Questions A5-A6 Apply)