Sale of Business Rescission Claim Based on Misrepresented Finances

A case involving the sale of a business where the buyer claimed the seller misrepresented the actual financial state of the enterprise, leading to a claim for rescission of the sale contract, reached the highest court after lower courts ruled against the buyer's claims of error or fraud. The court dismissed the appeal, reasoning that the appellate court correctly determined that the specific financial documents relied upon by the buyer, which allegedly contained misrepresentations, were explicitly subject to an inspection clause within the contract, thereby placing the burden on the buyer to verify the accuracy of those figures before finalizing the purchase, and thus precluding a subsequent claim of actionable error or fraud based on those known, albeit inaccurate, figures.