Contracting Party Who Assumed Risk Could not Rescind Marital Settlement Agreement for Mutual Mistake
January 13, 2016 | Court Decisions, Equitable Distribution, Legal Perspective, Settlement
In Orris v. Orris, No. 340 WDA 2015 (September 30, 2015), a non-precedential decision, the husband and wife entered into a marital settlement agreement after Wife procured an appraisal of the timber rights associated with marital property. In the agreement, Husband surrendered the timber rights to Wife in exchange for the marital residence. Subsequently, after the divorce was finalized, Husband presented a petition to rescind the agreement on the grounds […]