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ROSS v. OLSON

No. 12143.

481 P.2d 675 (1971)

25 Utah 2d 342

Raymond H. ROSS and Betty Ross, Plaintiffs and Respondents, v. Lloyd N. OLSON and Fidelity and Deposit Company of Maryland, a corporation, Defendants and Appellants.

Supreme Court of Utah.

February 22, 1971.

Attorney(s) appearing for the Case

Jack L. Schoenhals, of Mark & Schoenhals, Richard H. Nebeker, of Cannon, Greene, Nebeker & Horsley, Salt Lake City, for defendants-appellants.

Richard M. Day, Salt Lake City, for plaintiffs-respondents.

HENRIOD, Justice:

Appeal from a judgment against Olson in a nonjury case, based on deceit in a real estate transaction. Reversed with costs to appellants.

On November 5, 1963, through negotiations between an agent of defendant Olson, real estate broker, the Ross's signed a uniform real estate contract to buy a lot in a proposed subdivision of Futura Corp., in which Olson was a stockholder and officer. It was signed after an Earnest Money Receipt was executed...

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