Quote:
Originally Posted by Exhibitman
If the error is significant enough no court will enforce the agreement. The Doyle hypothetical is an example. The # is so egregiously low that the buyer shouldn't really expect to get the deal if the seller figures it out. The buyer might even face a lawsuit to rescind the deal on the basis of mistake. That wasn't the case here: $2k instead of $3.2K is not that degree of mistake. $2K instead of $32K probably is.
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This makes sense as far as the courts go. The point I was getting at with the Doyle example is that principle in honoring a deal where a seller might miss out on $1200 vanishes with most people when the amount they could lose out on becomes quite large. Relative principle.
Reminds me of an old story:
Guy walks into a bar and sidles up to an attractive lady. He casually asks, "Would you sleep with me for a million dollars?" She looks him over and says, "Sure." So then he says, "Would you sleep with me for 50 bucks?" She gets angry and slaps him, saying "What kind of a woman do you think I am?!"
He replies, "We've already established that. What we're trying to determine now is the price."