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Since that is a misrepresentation of a material fact then you would be able to sue for a rescission of the contract. In other words, you would get your money back and they would get their boat back. In essence, you each are put in the same position you would have been in prior to the sale.
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You can but in facts like these it is unlikely to do anything. The police may not even file the report since he is claiming "mistake". There really is no "false advertisement" criminal charge, it would have to be fraud.
You're very welcome. The good part is if you have to sue him you can also sue for attorney's fees, costs, etc.
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