Horine v. Greencastle Production Credit Ass'n

CONOVER, Presiding Judge.

Defendant-Appellant V.F. Horine and Jean Horine (the Horines) appeal the trial court's characterization of their action on a land contract as a rescission and the court's award of $137,370 to Plaintiff-Appellant Greencastle Production Credit Association (Greencastle).

We affirm.

ISSUES

The Horines present four issues for review. Restated and consolidated, they are, 1

1. whether rescission of the contract is supported by the evidence, and

2. whether foreclosure was the proper remedy.

FACTS

In 1978, Gary L. and Mary Anne Watson (Watsons) purchased a farm on land contract from…