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Contracts Keyed to Farnsworth
Renner v. Kehl
Facts
The Defendants held leases on more than two thousand acres of unimproved land and decided to sell their interests. The Plaintiffs therefore contracted with the Defendants for the purchase of said leases for the purpose of cultivating jojoba. Both parties believed that there was sufficient water available underground to sustain jojoba production. However, after drilling five test wells, the Plaintiffs determined there was not sufficient water available underground to suit their needs and rescinded the agreement. The Plaintiffs then sued for reimbursement of their purchase price.
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