Long v. Moore

The Longs, purchased a $100,000 home from the Moores, and as part of the transaction made a $50,000 downpayment. Approximately one year later, the Longs, unable to continue their payments, deeded back the property for no consideration. The Longs now appeal a final judgment denying their complaint for rescission of the sales transaction and subsequent deed-back. The trial court rejected the Longs contention that rescission was warranted due to Mr. Long’s longstanding medical incompetence and granted the Moores possession of the real property. We reverse.

The Moores sold their 1,500 square foot…