Cruess v. Fessler
Cruess v. Fessler
Opinion of the Court
delivered the opinion of the Court:
At the time of the trial, "the plaintiff requested the Court to render its finding of fact in writing, and the request was duly entered in the minutes of the Court; but the Court disregarded such request, and rendered its findings orally. For this error the plaintiff is entitled to have the judgment reversed. (Practice Act, Sec. 180.)
The Court, in its oral findings, which are set out in the statement on appeal, finds all the material facts for the plaintiff, and also finds that “the value of the said share of the stock and fixtures is not proven. ” The Court found, as a conclusion of law, that in the absence of proof that the value of the share of the stock and fixtures purchased by the plaintiff was less than the amount paid by him on account of the sale, there could be no fraud as against the plaintiff, and he was not entitled to rescind the sale. This conclusion is, in our judgment, untenable.
Judgment reversed and cause remanded, with directions to the Court below to render judgment for the plaintiff for $1,225 and interest thereon from the 18th of September, 1868.
Reference
- Full Case Name
- L. D. CRUESS v. JOHN FESSLER
- Cited By
- 16 cases
- Status
- Published
- Syllabus
- Pbactice.—Finding..—When the Court fails to have its finding of fact reduced to writing, after a request to do so by a party to the action, entered in the minutes of the Court, the judgment will he reversed on appeal. Conteact of Sale.—Good-Will of Business.—The good-will of a business may he valuable and form the subject-matter, in whole or in part, of a contract of sale. Bepbesentations.-—Value of Business and Good-Will.—A representation of the value of a business and good-will is a material representation. Idem.—Ebaud.—Besoission of a Conteact__A misrepresentation of the value of a business and good-will knowingly made by the vendors—the purchaser being ignorant of the true value—is fraudulent, and entitles the purchaser to a rescission of the whole contract, when it is an entire contract and the fraud affects a material part of the consideration.