Joyner v. Scherer

The defendant Scherer contracted to sell to complainants and later he conveyed to them, with full covenants, the house and lot No. 178 Park avenue, Madison. The bill is to set aside the transaction and a decree to cancel a purchase-money mortgage and for the recovery of the purchase price, on the ground that the defendant had no title to the property and because the complainants were induced to buy through false representations.

The lot is one of a plot or subdivision known as "Oak Knoll," promoted by the Madison Homes Company, of which the defendant Scherer is president. He purchased a number…