Explorer for Natural Gas Loses Rights, Money Paid for Them-NYLJ

“[T]he evidence clearly demonstrates that Cabot, a sophisticated business entity, made a calculated and knowing decision to enter into the lease, approve title and pay the signing bonus with full knowledge” of the protective covenant and the opposition of the property owners’ association, Justice Gilpatric held in Weiden Lake Property Owners Association Inc. v. Klansky and Cabot Oil, 3885/09. “Therefore, it is not entitled to rescission of the lease under a mistake of law.”

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