This question should be answered in an IRAC format. Also think about the Policy that may exist. Please include all relevant keywords, terms, and phrases when discussing each topic.
Derby Construction prepares a bid to erect a new school and got a quote of $120,000 from LaLa Interiors, who offered to do the cafeteria design work in the new school. The bid was 30 grand lower than Derby’s next lowest bid, so Derby decided to lower his bid by 20 grand before submitting it to the school. After he got the bid, and accepted LaLa’s offer, Lala’s president found that in prep of the quote he overlooked some installments for the cafeteria required for the plan.
Q. LaLa brings suit for rescission of the contract. What result?
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Are construction bids enforceable? Is there any reason why courts might refuse to enforce them?
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