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William tells Carol that he paid $150,000 for his farm in 2008 and that he believes it Is worth twice that at the present time.
William tells Carol that he paid $150,000 for his farm in 2008 and that he believes it Is worth twice that at the present time. Relying upon these statements, Carol buys the gram from William for $225,000. William did pay $150,000 for the farm in 2008, but its value has increased only slightly, and it is presently not worth $300,000. On discovering this, Carol offers to reconvey the farm to William and sues for the return of her $225,000.
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