Lanci v. Metropolitan Insurance Co.
564 A.2d 972 (1989)
Nature Of The Case
This section contains the nature of the case and procedural background.
Facts
Lanci (P) was involved in an accident with an uninsured motorist. P and Metropolitan (D) entered into settlement negotiations and agreed to settle all claims for $15,000. P signed a release and thereafter refused to accept the $15,000 settlement proceeds asserting that D had fraudulently concealed or incorrectly represented that the policy limits were $15,000 rather than the $250,000. P argued that the release was signed as a result of a misrepresentation or mutual mistake and was, therefore, a nullity. The trial court gave P the verdict based on hard evidence of a letter from D indicating that the $15,000 was, in fact, the policy limit. The trial court held that this letter evidenced a mutual mistake and thus denied D’s motion to enforce the settlement agreement. D appealed.
Issues
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Holding & Decision
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Legal Analysis
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