Majority
Headnote
Contracts—Rescission—Affirmance by Laches.The contract between the parties was made on November 13, 1899, and, although the plaintiff learned immediately of defendant’s alleged fraud, no attempt was made to disaffirm the contract until the following January. Not having elected to rescind promptly upon discovery of the fraud, the plaintiff must be deemed to have elected to affirm the contract (Hallahan v. Webber, 7 App. Div. 122 , 40 N. Y. Supp. 103 ), and she must be confined in her recovery to the damages sustained by reason of the fraud. Under the proofs,' plaintiff cannot sue for the return of the purchase price.
Judgment reversed, and new trial ordered, with costs to appellant to abide the event.
Cases cited
- Hallahan v. Webber 7 App. Div. 122 p. 224