
106 Mich. App. 423 (1981)
308 N.W.2d 241
TINKLE
v.
TINKLE.
Docket No. 49058.
Michigan Court of Appeals.
Decided May 19, 1981.
Rodney W. Sabourin (by Dennis W. Cleary), for plaintiff.
Lawrence H. Best, for defendant.
Before: BASHARA, P.J., and T.M. BURNS and BEASLEY, JJ.
BEASLEY, J.
On December 5, 1979, plaintiff, Dorothy D. Tinkle, was awarded a judgment of divorce from defendant, Harry E. Tinkle. She appeals as of right.
The parties were married in 1941, and there were no minor children at the time of the divorce. Plaintiff is employed as a schoolbus driver, earning approximately $8,000 per year, and defendant is employed as a sales representative for an importer, earning slightly less than $17,000 per year. The divorce was awarded pursuant to a property settlement agreement placed on the record in open *425 court with both parties and their counsel present.[1] Plaintiff offered proofs in support of her complaint for divorce, acknowledging her agreement to the property settlement as part of her testimony as follows:
"Q. [Plaintiff's attorney]: Mrs. Tinkle, did you hear the property settlement, which I read fully on the record?
"A. Yes.
"Q. Do you understand that if the Judge grants the judgment of divorce, that those provisions would be incorporated into the judgment that was outlined  your right to the assets, forthwith, regarding all of the property, do you understand that?
"A. Yes.
"Q. And are you in agreement with that?
"A. Yes sir.
"Q. Do you understand that you do not have to settle this matter and that you have a right to have a trial before the Court  this Judge?
"A. Yes.

* * *
"A. Would you rephrase 
"Q. (Interposing): Do you understand that this is the end of the situation with regard to the property?
"A. Yes."
On completion of proofs, the trial judge awarded plaintiff a judgment of divorce and stated that the parties' property settlement "shall be the order of the court". On October 22, 1979, before the trial judge signed and entered the judgment of divorce, plaintiff filed a "petition to set aside settlement judgment and bring matter on for trial", claiming she had been under stress with medical problems *426 aggravated by the divorce pressures so that she "was unable to fully comprehend" the settlement.
After a hearing, the trial court held that the parties had knowingly and voluntarily entered into the settlement agreement and that, as there was no showing of fraud or mutual mistake, plaintiff was bound by her settlement agreement.
The general rule is that a consent judgment cannot be set aside or modified except for fraud or mutual mistake.[2] Insofar as the property settlement provisions of divorce judgments rest upon agreement of the parties they come within the general rule. Prior to no-fault divorce, as a matter of public policy, under the divorce statutes the grounds for divorce could not be stipulated but had to be proved by competent evidence on the record. There is no claim here that fraud or mutual mistake was practiced by defendant on plaintiff. Neither does plaintiff claim nor prove that she was so insane or mentally ill as to lack capacity to make a binding property settlement agreement.[3]
With respect to her claim that her physical condition, taken together with the pressures of the divorce litigation, prevented her from comprehending that which she said she agreed to, we note that the trial judge, hearing both the divorce proceedings and the petition to set aside the settlement, found plaintiff's claim to be without basis. We decline to upset the trial judge's finding in that regard; she did not abuse her discretion.[4]
Last, plaintiff claims that another exception to the binding quality of consent judgments in divorce *427 cases is where a property settlement is inequitable, citing Dougherty v Dougherty.[5] In Dougherty, the trial judge heard the divorce as a contested matter, after which he made findings for sale of the marital property and equal division of the net proceeds. When plaintiff-wife moved to amend the property settlement, the trial judge re-reviewed his findings, decided he had inadvertently failed to give consideration to defendant's liabilities and, therefore, amended the property settlement. When his motion for new trial was denied, defendant-husband appealed, claiming that the property settlement first ordered by the trial court was final and that it was error for the trial court to modify it. This Court affirmed the modified property settlement except to give defendant-husband additional time to complete removal of nursery stock.
Dougherty is readily distinguishable from the within case in that the divorce judgment was not based upon the agreement of the parties. The use of the expression "property settlement" to designate the disposition and division of property in divorce judgments does not necessarily mean the parties agreed or consented to the division. In Dougherty, there was no consent or agreement to the trial court's division of the property; rather, it was the trial court's finding after hearing on the merits. The Dougherty divorce decree[6] was final and not subject to modification in the sense that any decree or judgment is final and not subject to modification.[7]
*428 On the other hand, the property settlement here was fully and completely agreed to by the parties on the record in open court. As such, it partook of the nature of a binding contract between the parties. Under such circumstances, we do not reopen the proceeding and attempt to discover whether the parties' agreed-to property settlement is exactly the same as a court would have arrived at if the case had been fully tried on the merits. Settlements, duly arrived at by the parties and placed on the record in open court in the presence of counsel, are entitled to a high degree of finality.
While we do not intend to review the equities of property settlements duly agreed to and placed on the record in open court where parties later attempt to renege on such agreements, we do note in this case that the record does not indicate anything unconscionable about the property settlement reached by the parties and their counsel.
Affirmed, with costs.
NOTES
[1]  In general, the property settlement agreement divided the marital property, reserved alimony and awarded her attorney fees.
[2]  Kline v Kline, 92 Mich App 62, 71; 284 NW2d 488 (1979), Blaske v Blaske, 33 Mich App 210; 189 NW2d 713 (1971).
[3]  Martin v Martin, 105 Mich App 710; 307 NW2d 408 (1981), Fansler v Fansler, 344 Mich 569; 75 NW2d 1 (1956).
[4]  St Clair Commercial & Savings Bank v Macauley, 66 Mich App 210, 215; 238 NW2d 806 (1975).
[5]  48 Mich App 154; 210 NW2d 151 (1973).
[6]  The phraseology, "Divorce Judgment" was substituted for "Divorce Decree" in the 1963 General Court Rules, which purported to eliminate the distinction between law (judgment) and equity (decree).
[7]  Oknaian v Oknaian, 90 Mich App 28; 282 NW2d 230 (1979), Kutchai v Kutchai, 233 Mich 569; 207 NW 818 (1926).
