DORAN, J.
The respondents instituted the present action seeking to rescind a contract of sale under which respondents purchased from appellants certain hotel property situated at No. 14 Ozone Avenue, Ocean Park, California. The parties commenced negotiations in April, 1948; ultimately a sale price of $18,500 was agreed upon and escrow instructions signed on May 12, 1948. Respondents paid $3,500 in cash, assumed payment of a $10,000 first trust deed, and gave back...
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