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216.
Reformation
Reformation is almost always asserted as a preliminary to some
other remedy which is to be pursued. This equitable remedy is
available when a written contract or conveyance fails to express
the agreement of the parties, due to the fraud or misrepresentation
of one party and the mistake of the other. Restatement of
Contracts § 491 (1932). In such a situation, rescission is an
alternative to the innocent party. Restatement of Contracts §
491, Comment (a) (1932). Reformation is also available in the case
of mutual mistake. Restatement of Contracts § 504, Comment (a)
(1932). |
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