Angel v. Columbia Canal Co.

Citations

• 69 Wash. 550
• 125 P. 766
• 1912 Wash. LEXIS 949

Syllabus

<p>■ Vendor and Purchaser—Rescission by Vendee—Notice op Election. Tbe commencement of an action for cancellation of executory contracts for land is a sufficient notice of an election to rescind, as a release of tbe contracts could be provided for in tbe decree.</p> <p>Same—Right to Rescind—Waiver—Lack op Diligence. One seeking rescission of a contract for fraud must act promptly upon discovering tbe fraud; and tbe right to rescind for fraudulent representations as to an abundant water supply is waived, where tbe purchaser knew, before be signed tbe contract, of a shortage in tbe water supply, but took and retained possession for a year before bringing suit.</p>