McDonnell-Perkins Builders, Inc. v. Cranford

MASSEY, Chief Justice.

In the early spring of 1957, Johnnie E. Cranford and his wife closed a transaction whereby they purchased, and McDonnell-Perkins Builders, Incorporated, delivered to them, a certain lot with improvements thereon which they made their home. On or about May 25, 1957, a flood occurred as the result of which a nearby waterway rose and inundated the property. Damage occurred to the property as the result thereof, with which we are not concerned. The Cranfords brought suit against the Corporation on the grounds of actionable fraud based upon allegation that they were induced…