Bailey v. Preferred Properties, Inc.

SAMUEL, Judge.

Defendants have appealed from an adverse judgment ordering rescission of a November 26, 1973 sale of an unimproved lot *1088and the return of the purchase price, plus interest. Plaintiffs are the purchasers.

The record contains the testimony of the two plaintiffs, the individual defendant, Mitchell, who was president and owner of the defendant corporation, and the attorney and notary who passed the act of sale. While the testimony is in conflict regarding some pertinent matters, we find the following facts, which we believe also were found by the trial court:

Mr. Gray became acquainted…