Resourced Minerals Inc. agrees to deliver ten tons of coal to Static Energy Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days. Resourced Minerals cannot convince Static Energy to amend the contract. Resourced Minerals should seek

A) Specific performance

B) Rescission

C) Damages

D) Reformation

Question

Adelaide

Business

19 March, 15:38

Resourced Minerals Inc. agrees to deliver ten tons of coal to Static Energy Corporation. The agreement states that delivery is to be within "9" days, although the parties intend "90" days. Resourced Minerals cannot convince Static Energy to amend the contract. Resourced Minerals should seek

A) Specific performance

B) Rescission

C) Damages

D) Reformation

+3

Answers (1)

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Madilynn Thornton · Answer 1

Answer: Reformation

Explanation: Removal or alteration by court order of the current contract at the request of one of the parties to the agreement is called reformation.

Reformation will be required when there is evidence that the participants have not meant the expression as written or an accident or confusion has caused an omission.

Thus, from the above we can conclude that the correct option is D as the resource mineral is not able to perform under the conditions specified in the contract.