Scion Breckenridge Managing Member, LLC v. ASB Allegiance Real Estate Fund

Decided 2013-05-09

Cited by 153 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

STEELE, Chief Justice: In this reformation action concerning cash flow distributions in three real estate joint venture agreements, we hold that the Vice Chancellor properly reformed the agreements on the basis of unilateral mistake and knowing silence by the other party. Negligence in discovering an alleged mistake does not bar a reformation claim unless the negligence is so significant that it amounts to a failure to act in…

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