The remedy of reformation
A)applies only when money damages are inadequate.
B)can be used to correct mistakes in the original contract.
C)is available only if fraud is involved.
D)is a commonly used remedy.

Question

Quizplus · Accepted Answer

The remedy of reformation can be used to correct mistakes in the original contract, such as a clerical error or a mistake in the terms agreed upon by the parties. It is not limited to cases where money damages are inadequate, nor is it only available if fraud is involved. However, it is not a commonly used remedy and may only be granted in limited circumstances where it is deemed appropriate by a court or arbitrator.

The Remedy of Reformation