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MMLU / A purchasing agent for a women's clothing store negotiated a contract with…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

A purchasing agent for a women's clothing store negotiated a contract with dressmaking company to purchase a specified quantity of khaki garments at a price of $75,000. One week later, the purchasing agent received a telephone call from the vice president of the dressmaking company, who informed her that the dressmaking company's sales representative had made an error in calculating the contract price. As a result, the vice president said that unless the women's clothing store agreed to pay an additional $15,000, the garments would not be delivered. If the purchasing agent should have known that the dressmaking company's original price term of $75,000 was in error, but agreed to the contract anyway, which of the following is the most accurate statement?
Plain-text mathematical notation (without MathML)
A purchasing agent for a women's clothing store negotiated a contract with dressmaking company to purchase a specified quantity of khaki garments at a price of $75,000. One week later, the purchasing agent received a telephone call from the vice president of the dressmaking company, who informed her that the dressmaking company's sales representative had made an error in calculating the contract price. As a result, the vice president said that unless the women's clothing store agreed to pay an additional $15,000, the garments would not be delivered. If the purchasing agent should have known that the dressmaking company's original price term of $75,000 was in error, but agreed to the contract anyway, which of the following is the most accurate statement?
Original LaTeX notation
A purchasing agent for a women's clothing store negotiated a contract with dressmaking company to purchase a specified quantity of khaki garments at a price of $75,000. One week later, the purchasing agent received a telephone call from the vice president of the dressmaking company, who informed her that the dressmaking company's sales representative had made an error in calculating the contract price. As a result, the vice president said that unless the women's clothing store agreed to pay an additional $15,000, the garments would not be delivered. If the purchasing agent should have known that the dressmaking company's original price term of $75,000 was in error, but agreed to the contract anyway, which of the following is the most accurate statement?

choices

  1. There was an enforceable contract at the original price term, because the mistake resulted from an error in computation, not in judgment.
  2. There was an enforceable contract at the original price term, because the mistake was unilateral.
  3. There was no valid contract formed, because there was no mutuality of assent.
  4. There was a voidable contract, because the purchasing agent should have known of the error.

subject

professional_law

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Source and history

task_id
83d3a09d-6a15-5eca-8133-d244a7a58665
task_key
all--test--83d3a09d-6a15-5eca-8133-d244a7a58665
task_revision_id
1
config / split
all / test

Official source

initial import