Question

Nora enters into a contract with Oceanic Transport, Inc., to insure and ship a painting from France to the United States for a certain price. But Oceanic 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 woulda. award damages to Oceanic for the mistake.b. award damages to Nora for the mistake.c. enforce the contract as is.d. allow the parties to rescind the contract

Answer 1

D) allow the parties to rescind the contract

Step-by-step explanation:

If Oceanic Transport can prove that is made an unintentional mistake while preparing the budget, they can try to get Nora to accept a new price or rescind the contract.

The relevant issue is how Oceanic can prove that the mistake was caused by a miscalculation and that the price offered was below the fair market value.