109 Va. 114 | Va. | 1909
delivered the opinion of the court.
By deed dated November 15, 18'99, F. F. Finch and M. A. Finch, his wife, leased a 'certain lot in the city of Newport
There was a demurrer to the bill, which was overruled by this court in June, 1907. Garrett v. Finch, 107 Va. 25, 57 S. E. 604. For the terms of the lease in question, and the allegations of false representations relied on, see the opinion of this court in the case cited.
In .the view we 'take of the case, it is not necessary to consider how far, if at all, the alleged false representations have been sustained by the evidence taken since the case was formerly on this docket. Consideration of these questions is obviated, because the record abundantly shows that the appellee has been guilty of such acquiescence in the contract of lease, and laches .in bringing this suit for rescission, as to preclude him from the relief sought.
It is an established doctrine that, when a party intends to repudiate a contract on the ground of fraud, he should do so as soon as he discovers tire fraud. If after the discovery of the fraud he treats the contract as a subsisting obligation, he will be deemed to have waived his right of repudiation. Prompt action is essential when one believes himself entitled to a rescission of a contract. Max Meadows, &c. Co. v. Brady, 92 Va. 71, 22 S. E. 845; Hudson v. Waugh, 93 Va. 518, 25 S. E. 530; Hurt v. Miller, 95 Va. 32, 27 S. E. 831; West End Co. v. Claiborne, 97 Va. 734, 34 S. E. 900; Campbell v. Eastern Bldg. Asso., 98 Va. 729, 37 S. E. 350.
In the case at bar, it amply appears, that with full knowledge of all In* now claims as fraud, the appellee continued for
The record wholly fails to furnish any adequate or reasonable excuse for the long delay in bringing this suit, during'all ■of which time the appellee has, without complaint, acquiesced :in his contract and enjoyed its benefits.
It is the duty of a party who has been induced to enter into ■a contract through fraud, to act upon the first opportunity ■after discovering the fraud, and to repudiate its obligations, if he desires to avail himself of his right to rescind.
Under all the facts and circumstances of this case, as disclosed by the evidence, the appellee must be deemed to have waived his right to rescission. We are, therefore, of opinion that the appellee is not entitled to the relief afforded him by the decree appealed from, which must be reversed, and this court will enter such decree as the lower court should have entered, dismissing the bill with costs.
Reversed.