This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: withdrawal and awarded him the bid for the work. The ct stated that knowledge by one party that the other is acting under mistake is treated as equivalent to mutual mistake for purposes of recission. Judgement for P. reversed Requirments for Rescission: 1) Both parties are aware of a mistake. 2) Mistake does not involve negligence. 3) The other party be placed in the status quo. 4) Prompt notice is given of mistake....
View Full Document
This note was uploaded on 06/15/2009 for the course LAW 577 taught by Professor Staff during the Spring '08 term at University of Arizona- Tucson.
- Spring '08