The car dealership refused to rescind the transaction


Sam, a 45 year old insurance agent, is looking for some adventure. He has never been married, and has no kids. In fact, Sam is very shy and has a hard time meeting people. One day, he decides to buy a sports car. He goes to a used car lot, and finds a shiny, red car. The salesman approaches him and tells Sam that he would look good sitting behind the wheel of that car, and that he would be sure to meet all sorts of women if he was driving it. Sam asks about the cost of the vehicle, and the salesman says he will sell it to Sam for $20,000. He also says that it is in great condition and purrs like a kitten. Sam buys it on the spot and drives it home. After owning it for two weeks, Sam tries to take the car back. Ever since buying it, he has had a horrible experience. The brakes needed to be replaced, he didn’t realize that he had to put the most expensive type of gas in it, the alternator needed to be fixed, and worst of all, he hasn’t picked up any women since getting the vehicle. The car dealership refused to rescind the transaction, telling Sam that it was a done deal. If Sam decides to sue, what causes of action should he allege, and why? Your answer should focus on statements either made by the salesman, or not made by him. What statements made by the salesman will Sam NOT be able to sue for?

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Financial Management: The car dealership refused to rescind the transaction
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