Innis Ltd Reach a Verbal Agreement with McKenzie Co

Essay

Innis Ltd. reach a verbal agreement with McKenzie Co. to sell them 16 tonnes of first-grade steel for $2,100 per tonne. At the request of McKenzie, Innis drew up a written version of the contract and both parties signed it. Shortly after delivery, Innis received a cheque from McKenzie for $19,200 in full settlement of the account, and was horrified to discover that the figures 1 and 2 had been reversed in the written contract and the price read "$1,200 per tonne" instead of "$2,100 per tonne," and neither party had noticed it at the time.
Discuss what Innis Ltd. may do in this case.