Does the difference in value rule in an action for fraud and deceit inducing the purchase, sale or exchange of property?
California, United States of America
The following excerpt is from Lawson v. Town & Country Shops, Inc., 159 Cal.App.2d 196, 323 P.2d 843 (Cal. App. 1958):
As another alternative, appellant contends that the 'difference in value' rule set forth in Civil Code, section 3343 as the measure of damages in an action for fraud and deceit inducing the purchase, sale or exchange of property has how been extended in Collins v. Kobold, 146 Cal.App.2d 868, 304 P.2d 182, to actions for fraudulent inducement to execute a lease.
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