Wheeler v. Martin

Plaintiffs, husband and wife, appeal from dismissal of their bill for rescission of their purchase of defendants’ lumber yard business and from decree on cross bill foreclosing a mortgage and land contract executed by plaintiffs. Plaintiffs claim they were induced to enter into the transaction with defendants by fraudulent representations made by defendants and their real-estate agent.

In March of 1958, in response to a newspaper ad, plaintiffs offered defendants $12,000 for their lum "ber yard "business, including the real estate, and $12,000 for its inventory. The fraudulent representations…