Hemming v. Ald, Inc.

Peterson, Justice.

Respondents purchased automatic laundry and dry-cleaning equipment from appellant Aid, Inc., on July 20, 1962, and rescinded the purchase agreement on June 25, 1963, on grounds of fraud: Respondents recovered, upon a jury verdict, all sum's paid to appellants under the purchase agreement.

Three issues are presented upon appeal from the denial of appellants’ post-trial motions for judgment notwithstanding the verdict or for a new trial: (1) Whether, as a matter of law, respondents lost their right to rescind by failure to do so within a reasonable time after discovery of the…