Al owns a farm that he believes is worth $150,000.Betty knows that there is oil under the farm and offers Al
$160,000 for it.Al accepts and sells the farm to Betty.Al later realizes that the land was worth more than $160,000.Al can have the contract avoided based upon fraud.

Question

Quizplus · Accepted Answer

Al cannot have the contract avoided based on fraud because there was no misrepresentation or deceit by Betty; she simply had more information about the land's value.

Al Owns a Farm That He Believes Is Worth $150,000