Latimer v. Katz

CROCKETT, Justice:

Madeline Latimer sued Stanley Katz, real estate broker and former friend, seeking rescission of a contract by which he purchased her home, claiming fraud and deceit involving breach of his fiduciary duty. The trial court found the issues in favor of the defendant. Plaintiff appeals.

Plaintiff was purchasing her home at 1168 Gilmer Drive, Salt Lake City, in which she had substantial equity. Due to financial problems she had been trying to refinance without success. She asked the defendant, Stanley Katz, a social friend, to help her but his efforts were also unsuccessful. In…