The proper remedy for the following cases is reformation of the instrument, except for one. Which is it? * If the true intention of the contracting parties is not expressed in the instrument purporting to embody the agreement by reason of mistake, fraud, inequitable conduct or accident. If the mutual mistake of the parties causes the failure of the instrument to disclose their real agreement. If mistake, fraud, inequitable conduct or accident has prevented the meeting of the minds of the contracting parties. If one party was mistaken and the other acted fraudulently or inequitably in such a way that the instrument does not show their true intention.
The proper remedy for the following cases is reformation of the instrument, except for one. Which is it? * If the true intention of the contracting parties is not expressed in the instrument purporting to embody the agreement by reason of mistake, fraud, inequitable conduct or accident. If the mutual mistake of the parties causes the failure of the instrument to disclose their real agreement. If mistake, fraud, inequitable conduct or accident has prevented the meeting of the minds of the contracting parties. If one party was mistaken and the other acted fraudulently or inequitably in such a way that the instrument does not show their true intention.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The proper remedy for the following cases is reformation of the instrument, except for one. Which is it? *
If the true intention of the contracting parties is not expressed in the instrument purporting to embody the agreement by reason of mistake, fraud, inequitable conduct or accident.
If the mutual mistake of the parties causes the failure of the instrument to disclose their real agreement.
If mistake, fraud, inequitable conduct or accident has prevented the meeting of the minds of the contracting parties.
If one party was mistaken and the other acted fraudulently or inequitably in such a way that the instrument does not show their true intention.
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