Andy knows nothing about horses.Peter,an expert horse trainer,knows that a certain horse has no talent and is not likely to win any competitions.Peter convinces Andy to buy the horse for $500,000 by assuring him that it has great talent.The horse turns out to have no talent and never wins any competitions.Andy can most likely recover damages based on

Question

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Peter intentionally misled Andy by assuring him that the horse had great talent when he knew it did not. This constitutes fraud, as Andy was induced to buy the horse based on false information. Andy can recover damages for the amount he paid for the horse, as well as any other losses incurred as a result of the fraud.

Andy Knows Nothing About Horses