JIPAC, NV v. Silas

Plaintiff Jipac, N.V., which sued defendants Paul Silas, David Currier, and Marcel Roberts for default on a promissory note, appeals the superior court’s decision to order rescission of the parties’ contract for the purchase of land that plaintiff subdivided and sold to defendant Paul Silas without obtaining a required Act 250 permit. We conclude that the superior court acted within its discretion in ordering the remedy, and therefore affirm its judgment.

On June 25, 1989, Jipac conveyed eight individual lots by eight separate warranty deeds to Silas, who executed, in favor of Jipac, a $70,000…