Del offers to sell his 100-acre parcel to Jim for $1,000,000. Jim thinks the price is high, but speculates that a new housing complex might be developed on the parcel adjacent to Del's parcel. If that happens, Del's parcel will be sought after for development purposes. Jim, predicting that the adjacent parcel will be developed, decides to buy Del's parcel for $1,000,000 despite the high price. After signing the contract, Jim learns that there are no plans by any developers to develop the adjacent parcel in the foreseeable future. Jim wants to avoid his contractual obligation to buy the parcel using the doctrine of misrepresentation. Will Jim be successful in raising that defense?Explain

Answer rating: 100% (QA)

Based on the situation youve described it is unlikely that Jim would be successful in using misrepre... View the full answer