Boyd

This is an appeal on the part of the plaintiff, Standard Bond and Mortgage Company, from a judgment in favor of the defendants, William T. Boyd and Carrie M. Boyd, his wife, in an action arising out of an attempted rescission of an agreement of exchange between the said parties' of property in Long Beach, California, originally owned by the plaintiff, for a quarter-section of land in Waterloo township, Jackson County, Michigan, formerly belonging to the defendants.

It appears from the évidence that on or about the tenth day of October, 1920, one Jackson and his wife sold to one Grames and wife a certain 160-acre farm in Waterloo township, Jackson County, Michigan, for $9,500, payable $3,211.09 at date of agreement, $200 on or before December 1, 1921, $500 each year thereafter until paid, with interest at six per cent; that there was an encumbrance of $2,500, which was assumed by the purchaser; that this contract was assigned by the Jacksons to William T. Boyd, one of the defendants; that about February 1, 1921, the defendants, in response to an advertisement for exchange of local property for eastern- property, went to the office of Hargrave & Whiteley, agents for the Standard…