Elder v. Clawson

WADE, Justice.

Plaintiffs, the Elders, appeal from the trial court’s refusal to rescind a contract with the defendants Clawson for the purchase of about 520 acres of land in Uintah County for $52,000. The Elders claim the right to rescind and recover $8,000 allowance on the purchase price for two houses and lots in Salt Lake County conveyed by the Elders to the Clawsons as the down payment on the purchase price, because of the fraudulent failure of the Clawsons and their real estate agent, defendant Van Tas-sell, to disclose to them the existence of and economic effect on the operation of the…