Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Jimmy agrees to buy Judy's 1973 Dodge Charger. Judy said the car was her father's and everything about it was original and in mint-condition. Relying
Jimmy agrees to buy Judy's 1973 Dodge Charger. Judy said the car was her father's and everything about it was original and in mint-condition. Relying on Judy's word, Jimmy offered Judy ( $ 10,000 ). Upon Jimmy picking up the vehicle, he noticed that the moon roof was after market and the paint color was not original although the car was in mint condition. The fair market value for the vehicle as Judy described it to Jimmy is ( $ 15,000 ). The fair market value for the actual vehicle is ( $ 5,000 ). Jimmy seeks to rescind the contract. What is Jimmy's best claim against ( 12 / 14 / 2023,7: 40 ) a. reformation b. actual fraud c. misrepresentation d. constructive fraud Jimmy agrees to buy Judy's 1973 Dodge Charger. Judy said the car was her father's and everything about it was original and in mint-condition. Relying on Judy's word, Jimmy offered Judy $10,000. Upon Jimmy picking up the vehicle, he noticed that the moon roof was after market and the paint color was not original although the car was in mint condition. The fair market value for the vehicle as Judy described it to Jimmy is $15,000. The fair market value for the actual vehicle is $5,000. Jimmy seeks to rescind the contract. What is Jimmy's best claim against 12/14/2023,7:4 Judy? Reformation Actual fraud Misrepresentation Constructive fraud
Jimmy agrees to buy Judy's 1973 Dodge Charger. Judy said the car was her father's and everything about it was original and in mint-condition. Relying on Judy's word, Jimmy offered Judy ( $ 10,000 ). Upon Jimmy picking up the vehicle, he noticed that the moon roof was after market and the paint color was not original although the car was in mint condition. The fair market value for the vehicle as Judy described it to Jimmy is ( $ 15,000 ). The fair market value for the actual vehicle is ( $ 5,000 ). Jimmy seeks to rescind the contract. What is Jimmy's best claim against ( 12 / 14 / 2023,7: 40 )
a. reformation b. actual fraud c. misrepresentation d. constructive fraud
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started