Jung v. Cheoun

McMurray, Presiding Judge.

Hyo Nam Jung (“plaintiff”) brought an action against Byung Ho Cheoun and Mal Hae Cheoun (“defendants”) to rescind a contract the parties entered into on December 4, 1992, for the purchase and sale of a business known as Glenco Laundry & Cleaners (“the business” or “Glenco Laundry”). Plaintiff alleges he was duped into purchasing the business via a fraudulent misrepresentation by defendant Byung Ho Cheoun that Glenco Laundry had averaged monthly profits of $8,500. Defendants answered and admitted selling Glenco Laundry to plaintiff, but denied giving plaintiff any…