Anchor Bank, S.S.B. v. Conrardy

STONE, Chief Judge.

We affirm a final judgment that rescinds Appellees’ purchase of a condominium apartment unit and orders payment of incidental damages.

In addition to seeking the equitable relief of rescission based on Appellant’s misrepresentations, Appellees-purchasers sued Appellant-developer for fraud based on false representations and failure to disclose known construction defects, including serious structural rust corrosion problems, in the condominium building. The rescission and fraud claims were tried together with a jury. The trial court entered a directed verdict on the common law…