McCarty v. Marlette

Citations

• 80 Ill. 526

Syllabus

<p>1. Chancery—rescission of contract for fraud—laches. The doctrine is well settled in this court, that unreasonable delay in commencing proceedings to rescind a contract on the ground of fraud, will prevent relief in a court of equity.</p> <p>3. Where a party is induced to sell and convey land, and to take in payment the transfer, by delivery only, of notes on an insolvent person through the fraud of the purchaser, in August, 1858, and he discovers the inability of the maker of the notes to pay the same, and the residence of the purchaser in the fall of 1858, and brings no suit to rescind the sale until in 1865, his laches will be so unreasonable as to deprive him of equitable relief.</p>