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

question 10

Multiple Choice

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.

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