Young v. Zavitz

Plaintiffs filed a bill of complaint (September 28, 1959) to rescind a land contract on the ground of fraudulent representation, and defendants Wood filed a cross bill to foreclose the contract. Plaintiffs appeal from a decree dismissing the bill of complaint and allowing foreclosure.

Plaintiffs signed a contract (May 22,1959) to purchase defendants Wood’s Houghton Lake resort property for $31,500, with a down payment of $6,000, the balance to be paid $3,000 annually with interest.

Plaintiffs took possession of and operated the resort during the summer of 1959. Plaintiffs’ letter of rescission…