Asked by Vanessa Ramirez on Jun 20, 2024
Verified
Steel Mill Inc. agrees to deliver a certain quantity of steel to T-Bar Framing Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days. The seller cannot convince the buyer to amend the contract. The most appropriate remedy is most likely
A) a quasi contract.
B) reformation.
C) rescission.
D) specific performance.
Reformation
The legal process of modifying a contract or document to accurately reflect the true intentions of the parties involved.
Quasi Contract
An obligation imposed by law to prevent unjust enrichment, even though no actual contract exists between the parties involved.
Specific Performance
A legal remedy requiring a party to perform a specific act, often the fulfillment of contractual obligations, as opposed to paying damages.
- Understand the use of contract reformation to correct mistakes within a contract.
Verified Answer
RW
Ruthie WolfeJun 21, 2024
Final Answer :
B
Explanation :
Reformation is the appropriate remedy in this situation because it allows the contract to be amended to reflect the true intention of the parties when there was a mutual mistake regarding a key term of the contract, such as the delivery time frame.
Learning Objectives
- Understand the use of contract reformation to correct mistakes within a contract.