SMITH v. TABER

Docket No. 50, Calendar No. 48,380.

362 Mich. 619 (1961)

107 N.W.2d 761

SMITH v. TABER.

Supreme Court of Michigan.

Decided March 1, 1961.


Attorney(s) appearing for the Case

Rene J. Ortlieb (William O. Kelly, Jr., of counsel), for plaintiff.

Maurine L. Jones, for defendants Taber.

David C. Pence, for defendant Floyd Kent, Inc.


SOURIS, J.

Plaintiff, a schoolteacher, purchased a summer resort business from defendants in 1957 for $23,000. He paid $3,000 of the purchase price in cash and executed a land contract calling for the payment of the balance in monthly installments with 6% interest. Having operated the resort business during the 1957 season with unsatisfactory results, he instituted this suit for rescission, claiming that he was induced to purchase the business by the defendants' false...

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