Ridgeview Mining Inc. agrees to deliver a certain quantity of oil to Static Energy Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days. Ridgeview cannot convince Static to amend the contract. Ridgeview should seek
A) damages.
B) reformation.
C) rescission.
D) specific performance.

Question

Ridgeview Mining Inc. agrees to deliver a certain quantity of oil to Static Energy Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days. Ridgeview cannot convince Static to amend the contract. Ridgeview should seek
A) ​damages.
B) ​reformation.
C) ​rescission.
D) ​specific performance.

Quizplus · Accepted Answer

Ridgeview should seek reformation of the contract, which means asking the court to change the wording of the agreement to reflect the parties' true intention of 90 days instead of 9 days. This is a common remedy when there is a mutual mistake or misunderstanding in the contract terms.