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LULI CORPORATION v. EL CHICO RANCH, INC.

No. 55679.

481 S.W.2d 246 (1972)

LULI CORPORATION, a New York Corporation, et al., Appellants, v. EL CHICO RANCH, INC., a Missouri Corporation, et al., Respondents.

Supreme Court of Missouri, Division No. 1.

Opinion Modified on Motion June 12, 1972.

Motion for Rehearing or to Transfer Denied June 12, 1972.

Attorney(s) appearing for the Case

Husch, Eppenberger, Donohue, Elson & Cornfeld, Carroll J. Donohue, John A. Rava, Francis M. Oates, St. Louis, for plaintiffs-appellants.

Hendren & Andrae, by Henry Andrae, Jefferson City, for respondents-defendants.

Opinion Modified on Court's Own Motion June 12, 1972.

Motion for Rehearing or to Transfer to Court En Banc Denied June 12, 1972.

HIGGINS, Commissioner.

Action for rescission of plaintiffs' purchase of El Chico Ranch from defendant El Chico Ranch, Inc., for $196,500, on grounds of fraudulent misrepresentations alleged to have been made by defendants John K. and Jacqueline Teaford. If plaintiffs prevail, defendants would be required to reimburse plaintiffs...

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