In a real estate insurance context, even if a homeowner conceals or fails to disclose the true value or nature of his home, failure to disclose true value will not give rise to a rescission claim; insurance companies are in a better position to accurately ascertain the value of a home than most homeowners and if they don’t ascertain the value of the home, they do so at their own peril.
Civil
CitiMortgage, Inc. v. Barabas, No. 48A04-1004-CC-232, __ N.E.2d __ (Ind. Ct. App., May 17, 2011)
“Mortgagee” Mortgage Electronic Registration Systems (MERS) was a “mere nominee” and “bare legal title” holder without interest in the property separate from that of the original lender Irwin, and as mortgage provided for notices only to Irwin the lender, and not to MERS, MERS’s assignee Citimortgage was not entitled to have default in the foreclosure of another mortgage vacated on the basis only Irwin and not MERS received foreclosure notice.
Pfenning v. Lineman, No. 27S02-1006-CV-331, __ N.E.2d __ (Ind. Ct. App., May 18, 2011)
“ We reject the concept that a participant in a sporting event owes no duty of care to protect others from inherent risks of the sport but adopt instead the view that summary judgment is proper due to the absence of breach of duty when the conduct of a sports participant is within the range of ordinary behavior of participants in the sport and therefore reasonable as a matter of law.”
Tracy v. Morell, No. 59A01-1009-PL-488, __ N.E.2d __ (Ind. Ct. App., May 19, 2011)
Sale of tractor with altered identification number was subject to rescission on grounds of mistake and public policy, and buyer was entitled to recovery of payments with interest.
City of Indianapolis, et al v. Armour, et al, No. 49S02-1007-CV-402, ___ N.E.2d ___ (Ind., May 10, 2011)
A city resolution which only forgave outstanding assessment balances, and did not refund assessment money to those that paid the assessment, does not violate the Equal Protection Clause of the Fourteenth Amendment because it was rationally related to a legitimate governmental interest.