Brewer v. Haynes

OPINION

FRANKS, Judge.

This action by plaintiffs-purchasers to set aside the purchase of a retail ceramics business in Knoxville on the theory defendants fraudulently misrepresented the profitability of the business to plaintiffs, was dismissed by the chancellor at the conclusion of plaintiffs’ proof.

On December 31, 1981, plaintiffs entered an agreement to purchase “all stock, inventory, merchandise, fixtures, equipment and accounts receivable at Debtors’ retail ceramics business located at 7122 Commercial Park Drive, Knoxville, Tennessee.” After operating the business for four months, they…