Gwinn Fayne v. Teresa Vincent
Purchasers Gwinn and Alfred Fayne sued sellers Teresa and David Vincent and Re/Max Real Estate Professionals, seeking rescission for tortious misrepresentation and violation of the Tennessee Consumer Protection Act regarding a defective septic system. The trial court rescinded the transaction but dismissed Re/Max, finding its salesperson, Teresa Vincent, was an independent contractor. On appeal, the Court affirmed the independent contractor finding for Re/Max. However, it modified the trial court's decision and remanded the case for further proceedings to properly place the parties in their pre-transaction status quo regarding expenses and for reconsideration of the purchasers' attorney's fees, depending on the basis of the rescission.