Mary and Janet both agree on a sale price for the vehicle of $8000. They reduce their contract to writing and incorrectly put the price at $800. The usual remedy by a court in this situation is:

Question

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The usual remedy in this situation is rectification, where the court corrects the mistake in the contract to reflect the actual agreed-upon price of $8000. Rescission would involve canceling the entire contract, which may not be necessary in this situation. Ratification would involve confirming or approving the contract, which is not applicable in this case. Repudiation would involve rejecting or disavowing the contract, which would also not be necessary if the mistake can be corrected through rectification.

Mary and Janet Both Agree on a Sale Price for the Vehicle