reformation of instrument
- reformation of instrument
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A remedy of an equitable nature afforded to the parties and the privies of parties to written instruments which import a legal obligation, to reform or rectify such instruments whenever they fail, through accident, mistake, or fraud, or a combination of fraud and mistake, to express the real agreement or intention of the parties. 45 Am J1st Reform Inst § 2.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
reformation — ref·or·ma·tion /ˌre fər mā shən/ n: the act or an instance of reforming; specif: the equitable remedy of reforming a writing (as a deed or contract) and enforcing it as reformed ◇ Reformation is allowed primarily to correct mistakes such as… … Law dictionary
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bill for reformation — A bill in equity in a suit for the correction of an error in a deed or other written instrument … Ballentine's law dictionary
mistake of fact — An active mistake, consisting in the belief of existence of a matter or thing which is nonexistent, or vice versa, or a passive mistake, consisting of unconsciousness, ignorance, or forgetfulness of a fact material to the transaction. Kowalke v… … Ballentine's law dictionary
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mistake — An erroneous mental conception which influences a person to act or omit to act. Nye v Sochor, 92 Wis 40, 65 NW 854. From the standpoint of relief in equity, some unintentional act, omission, or error, arising from ignorance, surprise, imposition … Ballentine's law dictionary