Peter Born, Appellant v. Henry Schrenkrisen, Respondents

Summary

The New York Court of Appeals modified the lower court's judgment to reform the patent assignment agreement in accordance with the factual findings and affirmed the modified judgment. It held that a mistake of the scrivener permits reformation even without a pleading of mutual mistake, and that a void‑upon‑default clause is exercisable only by the party for whose benefit it was intended.