CitiBank makes a mistake at an auction which costs the CitiBank $350,000.00. After the final bid is accepted and the hammer has fallen, CitiBank realizes its mistake. CitiBank tries to overturn the final bid in a lawsuit.

CitiBank makes a mistake at an auction which costs the CitiBank $350,000.00. After the final bid is accepted and the hammer has fallen, CitiBank realizes its mistake. CitiBank tries to overturn the final bid in a lawsuit.






a. CitiBank wins because the mistake is so serious that enforcing the bid would be unconscionable
b. CitiBank wins because it would be unjust to allow the winning bid to benefit the high bidder by $350,000.00
c. CitiBank loses because of the legal theory of Bilateral Mistake
d. CitiBank loses because it made a Unilateral Mistake







Answer: D