Summary

Portrait of Noah Haynes Swayne Noah Haynes Swayne Grymes v. Sanders — Opinion of the Court

Where a party desires to rescind upon the ground of mistake or fraud, he must, upon the discovery of the facts, at once announce his purpose, and adhere to it. If he be silent, and continue to treat the property as his own, he will be held to have waived the objection, and will be conclusively bound by the contract, as if the mistake or fraud had not occurred. He is not permitted to play fast and loose.
Source: Wikisource

Portrait of Noah Haynes Swayne Noah Haynes Swayne Grymes v. Sanders — Opinion of the Court

When Fisher made his examination at the shaft, it had been abandoned. This was prima facie proof that it was of no account. It does not appear that he thought of having an analysis made of any of the debris about it, nor that the debris indicated in any wise the presence of gold. He requested Hume to send him specimens from the shafts on the contiguous tracts, and it was done. No such request was made touching the shaft in question, and none were sent. It is neither alleged nor proved that there was a purpose at any time, on the part of the appellees, to work the shaft.
Source: Wikisource

Portrait of Noah Haynes Swayne Noah Haynes Swayne Grymes v. Sanders — Opinion of the Court

A court of equity is always reluctant to rescind, unless the parties can be put back in statu quo. If this cannot be done, it will give such relief only where the clearest and strongest equity imperatively demands it. Here the appellant received the money paid on the contract in entire good faith. He parted with it before he was aware of the claim of the appelless, and cannot conveniently restore it. The imperfect and abortive exploration made by Bowman has injured the credit of the property.
Source: Wikisource

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