Davis v. Estridge

SAM GRIFFITH Justice.

Donald Davis and Coralie Davis appeal the trial court’s judgment granting James Estridge and Elaine Estridge rescission of a contract for the purchase of a house and acreage. 1 Finding that rescission to be inequitable, we reverse the trial court’s judgment, reinstate the jury verdict, and render a money judgment for the Estridg-es.

Background

In 1996, the Davises sold their house and acreage to the Estridges for approximately $175,000. At the time of sale, the Davises gave the Estridges a disclosure statement which indicated no currently existing defects/malfunctions in…