Asked by Jordan Ratliff on May 22, 2024

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In Patterson v.CitiMortgage,Inc. ,the case in the text,the court held that:

A) under Georgia law,a court may not rescind a contract based on a unilateral mistake.
B) the parties' negotiations demonstrated CitiMortgage's mistake was obvious and Patterson knew or should have known that it was a mistake.
C) CitiMortgage could not rescind the contract because it should have been aware of its mistake.
D) CitiMortgage could not rescind the contract because its acts were negligent.

Unilateral Mistake

A misconception or error made by one party in a contract that does not affect the contract's overall validity unless the other party was aware of the mistake and took advantage of it.

Georgia Law

The body of statutory and common law originating from the state of Georgia, governing legal issues within its jurisdiction.

Rescind A Contract

The legal act of revoking, canceling, or annulling a contract, returning the parties to their positions prior to the agreement.

  • Comprehend the legal basis for nullifying a contract in cases of error, deceit, or false statements.
  • Assess the pertinence and implementation of legal principles in particular contractual disagreements and jurisprudence.
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Fryda RodriguezMay 28, 2024
Final Answer :
B
Explanation :
The court held that given the parties' negotiations and Patterson's series of escalating offers,CitiMortgage's mistake was obvious and Patterson knew or should have known it was a mistake.