Phil buys a laptop from Mark for $1,000. Mark knew that the laptop had hardware problems. However, he told Phil that it was in excellent condition. In this scenario, which of the following is most likely to be true?
A. Mark does not owe Phil anything because it was Phil's duty to check if Mark was lying.
B. Phil can sue for the difference between purchase price and true value of the laptop with hardware problems.
C. Mark can dismiss any fraud accusations because it was a case of mutual misunderstanding.
D. Phil can recover 20 percent of the repair costs on the condition that he returns the laptop to Mike.
Answer: B
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