Patel v. Patel

COMBS, Judge.

This is an appeal from the judgment of the Green Circuit Court, awarding damages against appellant for fraud in inducing appellees to purchase a motel.

In 1983, appellees Praful and Jyotsna Patel purchased the Spring Motel in Greensburg, Kentucky, for $136,000.00 from appellants Jayanti and Savitri Patel. Praful and Jyotsna tendered a cash down-payment totalling $35,000.00 and secured the $101,000.00 balance with a promissory note.

Prior to the sale, Jayanti told Praful that the motel earned about $50,000.00 per year, and produced record books to verify his claim. The books showed…