Business, 06.05.2020 07:07, djmelodiedaniels

Tom tries to sell his classic car to Victoria for $12,000. Tom tells Victoria, "I paid $12,000 for the car in 1978 and it's worth twice that today." Tom really paid $8,000 for the car in 1978. If Victoria buys the car, basing her decision on Tom's statement, which of the following correctly states the situation?

a. Tom's statements amount to puffing only.
b. Tom's statements provide grounds to set the contract aside.
c. Tom's statements are actionable only if intentional.
d. Tom's statements amount to fraud in the execution.

Answers: 3

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Tom tries to sell his classic car to Victoria for $12,000. Tom tells Victoria, "I paid $12,000 for t...