Sheldon v. Mauer

THE COURT.

This is an action based upon a rescission of an agreement of exchange and sale of property. Plaintiff agreed to transfer to defendant a ten-year lease of an apartment house in Los Angeles, together with her title to all of the furniture, and the sum of $1500 cash, for four lots in San Diego. About two months later notice of rescission was given on the ground of fraud. The court found that defendant had misrepresented the character and value of the property, particularly in the statement that the lots were business property in a busy section, each worth $1500, whereas they were…