Court Opinion

ID: 9866379
Source: CourtListenerOpinion
Date Created: 2023-09-26 11:40:47.691961+00
Date Added: 2024-06-11T14:22:24.068199
License: Public Domain

Carter, J.,
dissenting.
The failure of a party to perform a contract is not of itself a rescission; the other party must indicate an intention to rescind within a' reasonable time. A right to rescind a contract must be exercised promptly on discovery of the facts from which it arises. It is fundamental in the law of rescission that one who pursues this remedy must restore or attempt to restore the consideration received from the other promptly after discovery of the breach. A failure by a party rescinding a contract to return the consideration retained by him within a reasonable time constitutes a waiver of his right to rescind, leaves the contract in force, and limits the remedy to an action for damages resulting from the breach.
The evidence in the present case shows full knowledge of the breach on or before December 1, 1945. No complaint was made until February 1946. The plaintiff did not return the mare until April 1946. I submit that plaintiff did not rescind within a reasonable time as a matter of law and that the trial court should have directed a verdict against him.
Yeager, J., concurs in this dissent.