Murphy owned some farmland outside the city.He was interested in selling the land,so he told the first prospective purchaser,Jim,that the state was going to build a bypass around the city that would go directly through this land,making it more valuable.Murphy told Jim that he would like to hold on to the land until the bypass was built,but he needed money desperately.Based on Murphy's statements,Jim bought the land for $2,000 per acre.As farmland,it was worth only $1,000 per acre,but with the bypass,it would be worth $5,000 per acre.Murphy knew that there were no plans for a bypass.Jim learns of this,and sues Murphy.Discuss whether Jim has any grounds to obtain relief in this situation.Discuss fully the legal theories involved.

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The Answer of Murphy owned some farmland outside the city.He was interested in selling the land,so he told the first prospective purchaser,Jim,that the state was going to build a bypass around the city that would go directly through this land,making it more valuable.Murphy told Jim that he would like to hold on to the land until the bypass was built,but he needed money desperately.Based on Murphy's statements,Jim bought the land for $2,000 per acre.As farmland,it was worth only $1,000 per acre,but with the bypass,it would be worth $5,000 per acre.Murphy knew that there were no plans for a bypass.Jim learns of this,and sues Murphy.Discuss whether Jim has any grounds to obtain relief in this situation.Discuss fully the legal theories involved.

Murphy Owned Some Farmland Outside the City