Jeff Was a Subcontractor,bidding on a Contract for ACE Corp

Multiple Choice

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

A) The contract is enforceable,since there was an offer,acceptance,and consideration.
B) This is a bilateral mistake,so the contract can be rescinded by either party.
C) This is a unilateral mistake,so the contract cannot be rescinded by Jeff.
D) This is a unilateral mistake,but one where ACE Corp.knew that a mistake had been made.Jeff should be able to rescind the contract.