Spinks
Spinks v. Clark
Opinion
Lead Opinion
Angellotti, J.
This is an action to rescind a contract whereby certain real property of the plaintiff was exchanged for certain oil stock of defendants Clark and Bryan in the Westlake Oil Company. The exchange was effected June 6, 1900. The action was commenced September 21, 1901. The cause of action stated in the original complaint was one for the rescission of the contract upon the ground of fraudulent misrepresentations on the part of Clark and Bryan. On the trial, the complaint was amended by adding thereto certain allegations designed to show, in addition to the actual fraud theretofore alleged, a case of constructive fraud, said allegations tending to show that Clark and Bryan were from January 6, 1897, to the date of the transaction in question, the agents of plaintiff, under a contract of employment for the sale of said real property, and that by reason of such agency Clark and Bryan became possessed of information as to the estimation in which plaintiff held the property, and he reposed faith and confidence in theip. to the effect that with reference, to any sale or negotiation of said property they would use their efforts to obtain the best obtainable price for him.