MCC INVESTMENTS v. Crystal Properties

OPINION

FOLEY, Judge.

Appellant MCC Investments originally brought suit against respondent Crystal Properties for specific performance of a contract for deed. Crystal Properties counterclaimed for rescission, alleging fraudulent misrepresentations. In the first action, the trial court found that MCC had made false representations which were material to the transaction, but concluded that Crystal Properties was not entitled to rescission because the parties could not be restored to the status quo ante. In the first appeal, we agreed with the finding of fraud but reversed, holding that rescission…