Rob was a subcontractor, bidding on a contract for Pace Corporation, the general contractor. When adding up the total of materials and labor, Rob's secretary mistakenly moved the decimal point one place, ending up with a bid of$$3,500$ rather than $$35,000.$ Pace accepted Rob's bid, mostly because all the other bids were over $$30,000.$ When Rob learned of the mistake, he tells Pace that he cannot do the job for $$3,500.$ If Pace sues to enforce this contract, what is the most likely result?

Question $16$ options:

This is a unilateral mistake, but one where Pace should have known that a mathematical mistake was made. Rob should be able to rescind the contract.

The contract is enforceable, since there was an offer, acceptance, and consideration.

This is a bilateral mistake, so the contract can be rescinded by either party.

This is a unilateral mistake, so the contract cannot be rescinded by Rob.