ANWAR WALID, ET AL. VS. YOLANDA
FOR IRENE COUTURE,
INC., ET AL.
A-3112-10T4
We reviewed the Law Division's
findings and conclusions
following a bench trial wherein
it was held that plaintiffs
proved by clear and convincing
evidence that defendant sellers
of a business knowingly
misrepresented the business's income
with the intent that plaintiffs
rely thereon in buying the
business, but failed to prove reasonable reliance
upon such
misrepresentations. We have clarified the principle of
reasonable reliance and
determined that plaintiffs' proofs at
trial clearly and convincingly
established reasonable reliance.
We also concluded that a general integration clause in the
contract does not prevent the
introduction of parol evidence in
an action based upon fraud in
the inducement to contract. 04-05-12
