Asked by Lorena Edanol on Jun 11, 2024
Verified
A reformation occurs when a court rewrites the parties' contract terms to reflect the parties' real intentions.
Reformation
An equitable remedy in which a court effectively rewrites the terms of a contract.
Contract Terms
The conditions and clauses that form the content of a contract, defining the obligations, rights, and duties of each party.
Real Intentions
The genuine purpose or motivation behind an action or decision, often considered in legal and interpersonal contexts.
- Grasp the concept and significance of equitable remedies in the legal system.
Verified Answer
SB
SubAqurius BarttJun 14, 2024
Final Answer :
True
Explanation :
Reformation is an equitable remedy in which a court effectively rewrites the terms of a contract to reflect the parties' real intentions.
Learning Objectives
- Grasp the concept and significance of equitable remedies in the legal system.