Sanders v. Park Beverly Corp.

Judgment was awarded respondents against appellant corporation and its president for damages arising out of fraudulent statements made in the course of negotiations for the sale of two apartment buildings in Los Angeles. Reversal is demanded on the grounds of (1) insufficiency of the evidence to establish fraud, (2) nonreliance by respondents “upon any representation,” (3) errors in rulings at the trial.

When the buildings were offered for sale in August, 1949, president Perry prepared a brochure 1 describing them. Among other factual recitals, the booklet declared that the premises grossed an…