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PARADISE VENTURES, INC. v. ROSSMAN

534 P.2d 978 (1975)

PARADISE VENTURES, INC., a Corporation, et al., Respondents, v. James A. ROSSMAN, Appellant.

Supreme Court of Oregon, In Banc.

Decided May 1, 1975.

Attorney(s) appearing for the Case

Gerald R. Pullen, Portland, argued the cause and filed a brief for appellant. Also on the brief were Redman & Carskadon and James R. Carskadon, Jr., Milwaukie.

Charles J. Merten of Merten & Saltveit, Portland, argued the cause and filed a brief for respondents.

O'CONNELL, Chief Justice.

This is a suit for rescission of a contract by three shareholders of a close corporation to purchase the shares of a fourth shareholder. The trial court entered a decree rescinding the contract based upon findings of fraud on defendant's part. Defendant appeals, contending that there was not sufficient evidence to support the finding of fraud.

The principal question on appeal is whether defendant intentionally misrepresented

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