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ROCHHOLZ v. FARRAR

No. 75-1723.

547 F.2d 63 (1976)

Max ROCHHOLZ et al., Appellants, v. Frank L. FARRAR and Robert R. Kruger, Appellees.

United States Court of Appeals, Eighth Circuit.

Decided December 28, 1976.

Attorney(s) appearing for the Case

Theodore T. Duffield, Des Moines, Iowa, for appellants.

Donald A. Wine, Des Moines, Iowa, for appellees.

Before LAY and WEBSTER, Circuit Judges, and URBOM, District Judge.

WEBSTER, Circuit Judge.

This is an appeal from the judgment of the District Court1 denying equitable rescission of a written agreement by appellants to sell the controlling interest in the Exchange State Bank of Adair, Iowa. Jurisdiction is based upon diversity of citizenship, 28 U.S.C. § 1332(a); the law of Iowa controls the outcome of this case.

The Exchange State Bank was for many years owned and operated by the Rochholz...

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