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WILLIAMS v. GENESEE DEV. CO. NO. 2

No. 86CA0898.

759 P.2d 823 (1988)

Ollie Penn WILLIAMS and Louise Pons Williams, Plaintiffs-Appellees, Cross-Appellants, v. GENESEE DEVELOPMENT COMPANY NO. 2, a Colorado partnership, Genesee Land Company, a Colorado limited partnership, and Genesee Associates, Ltd., a Colorado corporation, Defendants-Appellants, Cross-Appellees.

Colorado Court of Appeals, Div. II.

Rehearing Denied June 30, 1988.

Certiorari Denied October 17, 1988.

Attorney(s) appearing for the Case

Russell, Angelo & Wright, P.C., Wyatt B. Angelo, Gunnison, for plaintiffs-appellees, cross-appellants.

Ranous, Stern & Patrick, P.C., J. Steven Patrick, David M. Barton, Gunnison, for defendants-appellants, cross-appellees.

PIERCE, Judge.

Defendant, Genesee Development Company No. 2, and its partners, defendants Genesee Land Company and Genesee Associates Ltd., appeal the trial court judgment ordering rescission of their contract with plaintiffs, Ollie Penn and Louise Pons Williams. Plaintiffs cross-appeal the trial court's award of interest at the statutory rate of 8%. We affirm.

In February 1981, plaintiffs contracted to purchase from defendants a vacation condominium located...

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