This lesson will discuss the equitable remedy of reformation of contracts based on mistake, fraud, or other equitable grounds.
This video will discuss the equitable remedy of reformation of contracts. It’ll also address the parol evidence rule and statute of frauds with respect to both reformation and restitutionary remedies.
I. Reformation Generally
Reformation is an equitable remedy whereby a court changes the terms of a written contract to reflect what the parties actually intended. Usually a plaintiff files an affirmative claim for...