Statement A: Innominate contracts are void. Statement B: Reformation is an available remedy to all kinds of contracts. Only Statement 'B' is false. Only Statement 'A' is false. Nei... Statement A: Innominate contracts are void. Statement B: Reformation is an available remedy to all kinds of contracts. Only Statement 'B' is false. Only Statement 'A' is false. Neither is false. Both statements are false.
Understand the Problem
The question presents two statements regarding contract law and asks whether one or both statements are false. It requires knowledge about the legal validity of innominate contracts and the remedy of reformation in contracts.
Answer
Only Statement B is false.
Only Statement B is false because not all types of contracts can be reformed.
Answer for screen readers
Only Statement B is false because not all types of contracts can be reformed.
More Information
Innominate contracts are not inherently void. They apply to contracts that don't fit into specific categories like 'sale' or 'lease'. Reformation is a remedy used when a written contract doesn't reflect the true agreement due to a mistake, but not all contracts are eligible for it.
Tips
A common mistake is assuming innominate contracts are void simply because they lack a specific name or category, but they may still be valid if they meet the criteria of a valid contract. Similarly, reformation isn't available for all contracts, only those meeting particular legal standards.
Sources
- The Journal of Contract Law - chegg.com
- Casebook on Contract Law - chegg.com
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