Richard Client bought a car from Honest Jack's Used Cars for $15,000. Later, he learned that Honest Jack had run back the mileage odometer on the car before selling it to him. The car showed only 60,000 miles when Client bought it, but it actually had 160,000 miles on it. The car that he paid $15,000 for is actually worth only $5,000. Client sues, asking for the difference in the value of the car plus punitive damages. How was this debt created? Is it liquidated, unliquidated, or partially liquidated? Is it contingent or noncontigent? Explain.

Answer rating: 100% (QA)

The debt in this case was created due to the fraudulent misrepresentation by Honest Jacks Used Ca... View the full answer