Wood v. Schlagel

OPINION

POPOVICH, Chief Judge.

This appeal is from a judgment dismissing appellants’ complaint with prejudice. Appellants claim the trial court erred in determining (1) respondents’ fraud in misrepresenting the existence of a second mortgage was not actionable, and (2) respondents were not liable to appellants for loss of sale damages following appellants’ rescission of a subsequent purchase agreement. We affirm.

FACTS

In early February 1979, respondents husband and wife Steven D. and Susan C. Schlagel owned recreational land in Aitkin County. Steven Schlagel was a licensed real estate…