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NEW In-House Counsel | Insurance | Intellectual Property | Immigration | Natural Resources | Real Estate | Tax

Contracts - Remedies - Equitable remedies - Rescission

Thursday, September 29, 2016 @ 8:00 PM  

Appeal by the plaintiffs, the Houles, from dismissal of their action for contractual damages against the defendant, Knelsen Sand and Gravel, and the judgment allowing the defendant’s counterclaim. The plaintiffs conducted research on a parcel of land and concluded it might yield up to 900,000 tons of gravel. A formal assessment commissioned by the plaintiffs estimated a yield of 444,850 tons. The plaintiffs provided the defendant with the data and commenced negotiations. The parties agreed upon a price of $800,000 for the gravel rights, based upon...