Braden v. Korman Corp.

BORTNER, J.,

On September 13, 1969, plaintiffs, Herbert and Patricia Braden, entered into a written agreement of sale to purchase from defendant, The Korman Corporation, a home in the Oxford Development of Cornwells Heights. Six years later, on September 23, 1975, plaintiffs instituted this action seeking equitable refief and compensatory damages, alleging that their purchase of the property was induced by certain fraudulent oral representations made by defendant concerning its future development of the tract. Specifically, plaintiffs charge that representatives of defendant stated that the…