Ying Loi Ho v. Presbyterian Church of Laurelhurst

Plaintiffs are the vendee under a land sale contract and his assignee. They brought this action for rescission of the contract after a declaration of forfeiture by defendant vendor. Defendant appeals from a judgment for plaintiffs. The claim for rescission is equitable, and we review de novo. Gardner v. Meiling, 280 Or 665, 671, 572 P2d 1012 (1977).

In 1979, Ying Loi Ho (Ho) entered into a contract with Union Gospel Mission to purchase a commercial building. Union Gospel Mission assigned its interest in the contract to defendant in 1980. From the outset, Ho has had difficulties meeting the…