Chapter 11, Problem 13CP

Summary Introduction

Case summary:

Person G entered in to a contract with person M in order to purchase plaza H. Person G visited plaza H numerous times and noted that water system, sewer and occupancy. Person G never asked to see the books and nor person M attempt to conceal them. After purchasing the plaza H, he repaired the septic and well systems. Three years later he sold the plaza H because of deficit and sued defendant challenging that defendant made fraudulent statements on which while purchasing the park.

To discuss: The decisions regarding fraudulent statements.