Quimbee logo
DMCA.com Protection Status
From our private database of 18,400+ case briefs...

Snyder v. Rhoads

Oregon Court of Appeals
615 P.2d 1058 (1980)


Laurence Snyder (plaintiff) sold two laundry businesses to Elvin Rhoads (defendant). Prior to buying the businesses, Rhoads saw Snyder’s listing agreement indicating that the businesses were operating at a profit. Shortly after purchasing the businesses, however, Rhoads learned that the stores had actually been operating at a loss. Nevertheless, Rhoads continued running the businesses and kept making payments to Snyder under the purchase agreement. A year and a half later, Rhoads stopped running the businesses because they were not profitable. Snyder took back the businesses under the contract’s security agreement. Snyder then sued Rhoads to recover what remained of the purchase price. In response, Rhoads brought counterclaims for either: (1) rescission of the contract or (2) affirmance of the contract with damages for Snyder using fraud to get Rhoads to buy the businesses. The trial court dismissed these counterclaims, and the case went to the jury on just Snyder’s claims. The jury ruled in favor of Snyder. Rhoads appealed.

Rule of Law


Holding and Reasoning (Thornton, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 497,000 law students since 2011. Some law schools—such as Yale, Vanderbilt, Berkeley, and the University of Illinois—even subscribe directly to Quimbee for all their law students. Read our student testimonials.

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students. Read more about Quimbee.

Here's why 497,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 18,400 briefs, keyed to 985 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Questions & Answers

Have a question about this case?

Sign up for a free 7-day trial and ask it

Sign up for a FREE 7-day trial