Barrington Management Co. v. Paul E. Draper Family Ltd.

OPINION

BAILEY, Judge.

Case Summary

Appellants-Defendants Barrington Management Co., Inc., Richard P. Roethke, and Richard P. Roethke, d/b/a Barrington Investment Company, Inc., (“Buyer”), appeals the trial court’s granting of the petition of Appel-lees-Plaintiffs Paul E. Draper Family LTD. Partnership, and Paul E. Draper, (“Seller”), to rescind a real estate Purchase Agreement. Buyer asserts the trial court erred in denying its counter-claim requesting specific performance of the Purchase Agreement.

In granting rescission, the trial court ruled that Seller could retain Buyer’s $1,000.00 earnest…