Johnson tells Davis that he paid $150,000 for his farm in 2016 and that he believes it is worth twice that at the present time. Relying upon these statements, Davis buys the farm from Johnson for $225,000. Johnson did pay $150,000 for the farm in 2016, but its value has increased only slightly, and it is presently not worth $300,000. On discovering

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Johnson tells Davis that he paid $150,000 for his farm in 2016 and that he believes it is worth twice that at the present time. Relying upon these statements, Davis buys the farm from Johnson for $225,000. Johnson did pay $150,000 for the farm in 2016, but its value has increased only slightly, and it is presently not worth $300,000. On discovering this, Davis offers to reconvey the farm to Johnson and sues for the return of his $225,000. Result?

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