MacHinery Sales Co. v. Diamondcut Forestry Products, LLC
Machinery Sales Co., Inc. filed an action for rescission of a contract to purchase a chip mill, alleging fraudulent misrepresentation by Diamondcut Forestry Products, LLC, Columbia Trading, Inc., and Champion International Corporation regarding the mill's value and included items. Following a bench trial, the court found no fraud and entered judgment for the defendants. Machinery Sales appealed, presenting issues concerning fraudulent inducement, agency imputation, entitlement to rescission, and damages. The appellate court affirmed the trial court's judgment, concluding that the evidence did not preponderate against the finding that defendants did not fraudulently induce the contract.