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  • Flow Chart ACCLAW

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    Adolph Christian Gonzales
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    LGT Inc. entered into a 20-year lease contract with Bentir in May 1968. In May 1989, when the lease was set to expire, Bentir sold the property. In May 1992, LGT filed for reformation of the lease, claiming a 4-year extension, but this was denied as the extension was outside the original contract terms and inadvertence by a lawyer is not valid grounds for reformation under the 10-year statute of limitations.

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    Law and contracts

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    LGT Inc. entered into a 20-year lease contract with Bentir in May 1968. In May 1989, when the lease was set to expire, Bentir sold the property. In May 1992, LGT filed for reformation of the lease, claiming a 4-year extension, but this was denied as the extension was outside the original contract terms and inadvertence by a lawyer is not valid grounds for reformation under the 10-year statute of limitations.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    25 views1 page

    Flow Chart ACCLAW

    Uploaded by

    Adolph Christian Gonzales
    LGT Inc. entered into a 20-year lease contract with Bentir in May 1968. In May 1989, when the lease was set to expire, Bentir sold the property. In May 1992, LGT filed for reformation of the lease, claiming a 4-year extension, but this was denied as the extension was outside the original contract terms and inadvertence by a lawyer is not valid grounds for reformation under the 10-year statute of limitations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    On May 1968, LGT inc.

    entered contract lease


    with Bentir (20 year span)

    On May 5 1989, Bentir sold the


    property
    (w/ lease to LGT expired)

    On May 1992 LGT inc. filed for reformation.


    Claiming the lease was renewed for another 4 years.
    But DENIED

    The 4 year extension The inadvertance


    Cause of action
    Was outside the contract. Of the lawyer is not
    To reform has already
    Therefore, not a valid ground A ground for
    Prescribed after 10
    reformation
    years. For reformation

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