Faw v. Greenwood

BAKES, Justice.

Plaintiff appellants Thomas and Lois Faw brought suit against defendant respondents Bill and Sylvia Greenwood for fraud and misrepresentation, seeking damages and rescission of a contract for the sale of the Greenwoods’ business. The Greenwoods counterclaimed for breach of contract, seeking proceeds allegedly due from a consignment sales agreement. The district court, sitting without a jury, rejected the Faws’ claim and held for the Greenwoods on their counterclaim. We affirm.

The Greenwoods commenced doing business in November of 1974. The business consisted of retail sales,…