Ziegler v. Stinson

The principles of law applicable to the foregoing facts are well settled. A party to *251a contract for the exchange of goods, chattels or real property, who was induced to enter into the contract by false and fraudulent representations, may, at his election, after knowledge of the fraud, rescind the contract and recover back what he has parted with, provided always that the parties can be restored to the position in which they stood at the time the contract was entered into: Kerr on Fraud (5 ed.), p. 386.

A party, in ignorance of the true facts to whom false and fraudulent representations are…