Question

Rich and Archie sign an agreement in which Archie agrees to deliver ten cases of champagne in 5 days. The parties negotiated and meant to say in the written agreement, delivery in 50 days. If the evidence is clear that the two parties intended to agree to 50 days, the courts will probably

a. issue a warranty.
b. issue a covenant.
c. reform the contract.
d. rescind the contract.

Answer 1

Correct option is (c)

Step-by-step explanation:

Contract is said to be reformed terms of contract are re-written that suits both the parties. A contract is reformed in two cases. Either there was some mistake in the contract or contract involved some misrepresentation whether intentional or accidental.

Here, terms of contract changed from 5 days to 50 days which was agreed by both the parties. So, contract will probably reform the contract.