Watson v. Fantus

Plaintiffs filed this suit seeking rescission of a contract to purchase a mobile home trailer park in Josephine County. Plaintiffs alleged that they purchased the property as a result of several misrepresentations by defendants. Defendants filed a countersuit seeking strict foreclosure. The trial court entered a decree denying rescission and refusing strict foreclosure as well. Plaintiffs appeal.

On May 30, 1974, plaintiffs signed an earnest money receipt to purchase the property for $150,000. The agreement was subject to certain contingencies, and plaintiffs’ offer was rejected. Later, there…