S, a non expert regarding real estate values, tells B that S paid $150,000.00 for S's farm
Question:
S, a non expert regarding real estate values, tells B that S paid $150,000.00 for S's farm in 1983. S tells B that S believes said farm is worth twice that at the present time which statement S actually believes to be true. Relying on these statements, B buys the farm from S for $225,000.00. S did pay $150,000.00 for the farm in 1983, but its value has increased only slightly, and it is presently not worth $300,000.00. B discovers this fact one week after B's purchase of said farm from S and B offers to immediately reconvey the farm to S and requests S to return B's $225,000.00. S refuses to accept the reconveyance and B sues S for the return of B's $225,000.00.
Question:If you modify the above facts by assuming that S paid only $100,000.00 for the farm in 1983, B would win and B would be entitled to the return of B's $225,000.00.
True or False