Review Question Navinder decided to list her summer cottage for sale at a price of $130,000. Nancy, a prospective purchaser, asked Navinder whether she knew anything about its current market value. Navinder indicated that although it had not recently been appraised, the cottage was originally built for $50,000. She said a professional builder had made a number of improvements to the cottage, thereby increasing its value. These included a second-storey loft with two bedrooms and a new bathroom increasing value by $25,000. She also mentioned a professional landscaper had finished the property for $2,500 and that she had purchased one acre of undeveloped land on either side of the property for $30,000. On that basis, Navinder claimed that the cottage was worth $132,500. Nancy was somewhat skeptical of Navinder's valuation and hired Al Appraisal's, a discount appraisal company, to determine the property value. Al provided a written appraisal at $129,750. Nancy decided to buy the cottage at the listed price. A few days after the purchase, Nancy had another three more appraisals done on the home by three top appraisal companies. All of the latest appraisals indicated that the entire property was actually worth no more than $85,000. Nancy wants to sue and comes to you for answers about the following questions. 1. Using the misrepresentation test, can Nancy successfully sue Navinder for misrepresentation? 2. If Nancy would be unsuccessful in the misrepresentation claim against Navinder, is there any other possible legal means for Nancy to recoup her losses? 3. If Nancy had been successful in a misrepresentation claim, how much would she receive as damages?