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Kathy Has Decided to Purchase a Used Boat

Question 126

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Kathy has decided to purchase a used boat.The dealer shows her a boat and tells her it's only three years old and is in excellent condition.Kathy is relatively new to sailing and has told this to the dealer.He tells her that the boat is worth $20,000 but he will sell it to her for $16,000.A few weeks later she discovers that the boat is actually eight years old,had sunk and been salvaged and that many things that appeared to be in excellent condition were in fact in poor condition but had been made to look good by the dealer.She has the boat appraised and it's actually worth $8,000.If she sues the dealer what will she recover and why?

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She will recover $12,000 which...

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