by Quenda Behler Story
It probably happens more often than
contractors will admit: You write up a
bid, the customer accepts it and signs a
contract, then you discover that you
made a big blooper on your estimate. If
you are held to this contract, you will
lose money.
Are you stuck with this contract, or
can you get it rescinded (the contractual
equivalent of an annulment)?
The answer is a resounding "That all
depends."
There is no universal rule here that
applies across the country. But the
cases and laws involving contract mistakes
have a guiding theme: Make the
outcome as fair as possible given the
situation. Two factors usually determine
what is fair. The first is, What
kind