Cannaday v. Cossey

On March 1, 1956, the appellants bought an improved 100-acre tract of land from the appellees, paying $2,000 down and executing an installment note for the unpaid balance of $6,000. After occupying the property for about six months the Canna-days discovered that the dwelling house had been seriously damaged by termites. They then brought this suit for a rescission of the contract, asserting that the sellers, with knowledge of the damage to the dwelling, had falsely represented it to be “a good house.” Upon conflicting evidence the chancellor concluded that the Cosseys had not acted in bad…