What will happen when words used inadvertently

Question

What will happen when words used inadvertently?

Answer 1

If one party inadvertently uses the wrong words in stating the agreement and court concludes it was practical for the second party to rely on the inadvertent words and enter into the contract (e.g., a price of $354 instead of $345), the contract will be binding on 1st party. On the other hand, if court bring to a close that a reasonable bystander would know that the first party had made a mistake in expressing the terms of the contract (e.g., a price of $350 instead of $3,500), the contract is voidable by the first party since the second party will not be allowed to "snap up" an offer that is obviously mistaken. The courts will also consider the potential hardship to each of the parties.