Cloud v. Realty Corporation of America

Defendant appeals from an order denying its alternative motion for judgment or a new trial. ■

The action is one to rescind a contract for the purchase of real property on the ground that the contract was obtained by fraudulent representations. The contract is dated December 8, 1930, and is for the purchase of .a lot in Midway Highland Park Addition to the city of St. Paul. This addition was a new development. There was in the addition at the time only a clubhouse, used by defendant’s agents as a sales office, and two or three houses, the nearest being about half a mile from the lot in…