ÿWPCÙ Êb˜›b>uŽ5?1p”^‡%eàë‹Ä«°0͈BÍ‹t¤ãñœ}yT—QÓ2]Œt9ü#Ð 6ª’ª“"õwüGÁ=QYQ¸P4HÕ¸z£üƒÞØG\BAØøMyIЖñ]î9?»s&mÆöã½82‚Çzåû{ŠGiôë„|{ÈìJºHÈ$W°T#¢»-ThÀêg3¡¿iðuå£cV[°åI€SiXR1ÄÖò£Õ=[oÖu²›µöáHXý ­ëºL´)'Íê$COjÑÃ#.H „‡ÄÐ~[–èðe–|:ÛG~BÜ"½™¯÷È8<ÏPÞ¡9k[Ùô}–åþõ9Ím&ɬ1+MT –ÍÃúúo“œØ`h­4<„Í*ãÂ·Šº0 ‰9}ºäî!”RZÜö‘‘y·Y½ioÆ“ˆˆ§óÝi¢Y‘˜$ß\Ál’›mL]è1Mí¿› § ±wW&œçšPF yh\3·\ÿ Ñ×òíhIìÝ@ „™:,óˆ™võ€í@Ó>‹+–ƒµ`XpMUÝr8ź/ŠwQy÷LÑ£mŽÖž].\¢ iÈQUþÅîie#DèK–òXk›¥t…‹$Cã¢ÎÃÙb#Á\ % U@# 0ˆc UNë ^ 9 wE zI Òà 4• © ¸ mº ÆÑ Æ— Æ] Æ#n­éN–N˜ 0DšEÞààUFè .—7777777777777777777bÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎÎ 0ëÖÖÖÖ BÁÁ 0¤Þ D3‚ D-µ 0Kââ AS-Æ€ 0¤F 0Dê A«.˜HP LaserJet 4050 Series PCL 5eÈÈ,,,,ÈÈ0»(ÆúI Z‹(Times New Roman (`£ª$¡¡Ñ€.ÑÑ8€½­»»d»»d8ÑÑ ý ÑÓ  Ó(í€"  Z6Times New Roman RegularÂs+s  ˜C:\PROGRA~1\COREL\WORDPE~1\TEMPLATE\CUSTOM~1\REVISE~1.WPTC:\Program Files\Corel\WordPerfect Office 2000\Template\Custom WP Templates\revised standard opinion.wpt-C +¸üœ3|xÿU‹ÿÀÀÀLevel 1Level 2Level 3Level 4Level 5‚Level 1Level 2Level 3Level 4Level 5„Level 1Level 2Level 3Level 4Level 5…Level 1Level 2Level 3Level 4Level 5«<þ6X9`("Courier NewTTXXxþ6X@ÉDQX@(#Ã$òòÚ  Ú0Ú  Úóó <4šÛ 9Z ‹.Courier New Regular ÿÝ ƒR{8$ÝÓ  Óà  àòòÚ  Ú1Ú  ÚóóÔ€ôæÍò»»ÔÝ  ÝÔ_ÔÔ€ôæÍòòôæÍÔMr.€Adler€argued€at€trial€and€on€appeal€that€it€was€the€duty€of€the€òòselleróó€to€obtain€the€septic€tank€approvals.Ð ° ÐHowever,€such€approvals€require€a€site€plan€that€indicates€the€òòdeveloperððsóó€intended€placement€of€the€residences.€€We€doÐ tÄ Ðnot€believe€that€the€assurances€Mr.€Brown€gave€at€auction€as€to€the€submission€of€soil€tests€to€the€Department€andÐ 8ˆ Ðeventual€approval€of€the€sites€for€residences€amounted€to€a€promise€that€the€seller€would€obtain€the€required€permits€forÐ üL Ðthe€buyer.€€€€€Ô‡ôÝ òòôæÍÔ Ý ƒR{8$ÝÓ  Óà  àòòÚ  Ú2Ú  ÚóóÔ€ôæÍò»»ÔÝ  ÝÔ_ÔÔ‡ôÝ òòôæÍÔÔ#†ôæÍò òôÝ~#ÔÔ‡ôæÍòòôæÍÔÓ*°ØXŠXÕ X°œX*ÓThe€appellant€admitted€that€Mr.€Brown€never€said€that€the€properties€were€òònotóó€in€the€flood€plain,€but€he€arguesÐ ° Ðthat€Mr.€Brown€could€easily€have€ascertained€the€truth€of€the€matter€by€making€use€of€a€database€maintained€by€MetroÐ tÄ ÐGovernment.€€The€appellees€responded€that€Mr.€Adler,€an€experiencedÔ#†ôæÍòòôæÍÀ#ÔÔ‡ôæÍòòôæÍÔ€developer,€could€also€have€made€use€of€theÐ 8ˆ Ðdatabase,€and€could€have€chosen€not€to€close€if€he€did€not€wish€to€develop€property€in€the€flood€plain.€€€Ô#†ôæÍòòôæÍ‚#ÔÔ‡ôÝ òòôæÍÔ- ù-(|G2{8$¤¤Ý ƒ£ª!ÝÑ€.ÑÑ8€Cõ»»dXXdì8ÑÑ ý ÑÓ  ÓÝ  Ýà  àòòÚ  Ú0Ú  ÚóóÔ€ôæÍò»»Ô d(|3Éh$££Ý ƒ£ª!ÝÑ€.ÑÑ8€Cõ»»dXXdì8ÑÑ ý ÑÓ  ÓÝ  ÝVVVV'ÿÿdxd)!ÈÈÈÈdxdx( ±þ$’’ò òFigure€Ú  Ú1Ú  Úó ó^_X`YEþÿ<<CÿÿƒLevel 1Level 2Level 3Level 4Level 5(|3Éh$¢¢Ý ƒ£ª!ÝÑ€.ÑÑ8€Cõ»»dXXdì8ÑÑ ý ÑÓ  ÓÝ  Ý($$””ò òÚ  Ú1Ú  Úó óX[Z&OLE 2.0 Box <=8ÿÿÿÿÿÿÿÿÿÿCÿÿ HKKKKÝ ƒ£ª!ÝÑ€.ÑÑ8€Cõ»»ddÈ8ÑÑ ý ÑÓ  ÓÝ  ÝÔ_ÔÑ  ÑÔ€¼Cõ»»»ÔÑ8€ XXdì»»d8ÑÑ  ÑÔ€¼Cõ»»¼CõÔà@ü ü ìàԇCõÔIN€THE€COURT€OF€APPEALS€OF€TENNESSEEˆÐ ° Ðà@kk$ìàAT€NASHVILLEÔ#†¼Cõ»îî„¥+#ԈРÖ& ÐÓ  ÓJune€26,€2001€SessionÐ üL ÐÔ‡X X»¼CõÔÌò òÔ#†¼Cõ»XX #ÔVOLUNTEER€INVESTMENTS,€INC.òòóó€v.€Ô_ÔFELLERÔ_Ô€BROWN€REALTY€&Ð úJ ÐAUCTION€COMPANY,€òòet€alóó.Ô‡X X»¼CõÔó óÐ  ^ ÐÌà@@½½ìàò ò€Appeal€from€the€Chancery€Court€for€Davidson€CountyÐ  ^ Ðà@@øøìàNo.€98„1659„I€€€€€€Irvin€H.€Ô_ÔKilcreaseÔ_Ô,€Jr.,€Chancellor€Ð ú J ÐÌÌà@@ìì*ìàßA€V) °°` d€÷E<½` AßÐ ¾  ÐÌà@@TTìàNo.€M2000„02644„Ô_ÔCOAÔ_Ô„R3„CV€„€Filed€August€21,€Ô_Ô2001Ô_ÔÐ ¹  ÐÌßA€V) °°` dE<` AßÐ ‘á  Ðó óÌÓ  ÓA€developer€who€purchased€three€real€estate€tracts€at€auction€filed€suit€to€rescind€the€purchase€on€theÐ ŒÜ Ðgrounds€of€misrepresentation€or€mutual€mistake.€€The€trial€court€dismissed€his€complaint.€€WeÐ xÈ Ðaffirm.Ô#†¼Cõ»XX ã#ÔÔ‡X X»¼CõÔÐ d´ ÐÓTÓÌò òTenn.€R.€App.€P.€3€Appeal€as€of€Right;€Judgment€of€the€Chancery€CourtÐ <Œ ÐAffirmed€and€Remandedó óÐ (x ÐÌòòÓ  ÓÔ#†¼Cõ»àX x#ÔÔ‡X X.¼CõÔBen€H.€Cantrell,€P.J.,€M.S.óó,€delivered€the€opinion€of€the€court,€in€which€òòWilliam€B.€Cainóó€andÐ P ÐòòPatricia€J.€Cottrell,€JJ.óó,€joined.Ð ì< ÐÌTodd€E.€Panther,€Nashville,€Tennessee,€for€the€appellant,€Volunteer€Investments,€Inc.Ð Ä ÐÌJ.€Russell€Farrar€and€P.€Ô_ÔBrocklinÔ_Ô€Parks,€Nashville,€Tennessee,€for€the€appellee,€Feller€Brown€RealtyÐ œì Ð&€Auction€Company.Ð ˆØ ÐÌD.€Scott€Parsley€and€Joshua€G.€Strickland,€Nashville,€Tennessee,€for€the€appellee,€James€BryanÐ `!°  ÐLewis.Ð L"œ! ÐÓKÓÌò òOPINIONó óÔ#†¼Cõ»XX z#ÔÔ‡X X»¼CõÔÐ $$t# ÐÌòòóóÔ#†¼Cõ»XX M #ÔÓ  ÓÔ€X X»¼CõÔÓÓÒe°Òà@úúàò òI.€€òòAn€Auction€of€Landóóó óˆÐ ü%L!% ÐÓÓà  àAuctioneer€Feller€Brown€advertised€an€auction€of€three€adjoining€properties€in€DavidsonÐ Ô'$#' ÐCounty,€to€take€place€on€November€22,€1997.€€His€handbill€announced,€ð ðWe€Have€The€Tract€to€BuildÐ À($( ÐThat€Country€Estate€Home€That€You€Have€Always€Dreamed€Of.ðð€€The€handbill€also€stated€that€theÐ ¬)ü$) Ðareas€of€the€three€tracts€were€5.58€acres,€7.86€acres,€and€10.29€acres€respectively,€that€they€all€includedÐ ˜*è%* Ðan€ð ðeasy€flowing€creekðð€and€that€the€tracts€were€being€tested€for€soil€percolation,€with€the€results€toÐ „+Ô&+ Ðbe€available€on€the€day€of€sale.€Ð p,À', ÐÐ \-¬(-ý Ðà  àSince€sewer€service€did€not€reach€the€properties,€a€building€permit€could€not€be€obtained€forÐ ° Ðconstruction€of€homes€on€them€unless€the€Metropolitan€Government€determined€that€they€couldÐ œì Ðaccommodate€a€septic€system.€€The€steps€required€for€approval€of€a€septic€system€are€described€inÐ ˆØ Ðsome€detail€in€the€record€of€this€case,€and€include€the€submission€of€a€site€plan€and€soil„test€resultsÐ tÄ Ðto€the€Public€Works€Department,€followed€by€an€application€to€the€Health€Department.€€€€Ð `° ÐÌà  àPrior€to€the€auction,€Mr.€Brown€announced€that€the€tracts€were€being€sold€ð ðas€isðð€and,€Ð 8 ˆ ÐÒ°ÒÒeÒÌà ` àð ð.€.€.€weððre€selling€this€property€subject€to€being€in€the€flood€plain.€€AnytimeÐ  ` Ðyou€have€a€piece€of€property€thatððs€adjacent€to€a€creek€or€a€spring€or€a€river€orÐ ü L  Ðwhatever,€we€always€sell€it€being€subject€to€being€in€a€flood€plain.€€We€donððt€knowÐ è 8  Ðwhether€it€is€or€not€.€.€.€.ððÐ Ô$  ÐÌHe€also€said,Ð ¬ü  ÐÌà ` àð ð.€.€.€Phil€Dickerson,€the€soil€scientist,€has€been€out,€he€has€checked€all€of€theÐ „Ô  Ðtracts€here€and€he€will€assure€any€buyer€that€whoever€buys€a€tract€of€land€that€it€willÐ pÀ ÐÔ_ÔpercÔ_Ô€for€a€three€bedroom€minimum,€possibly€a€four€bedroom€.€.€.€they€have€been€soilÐ \¬ Ðtested€and€they€will€be€recorded€with€the€Health€Department.ðð€Ð H˜ ÐÌÒ°ÒÒ°Òà  àDaryl€Adler,€President€and€Owner€of€Volunteer€Investments,€Inc.,€submitted€a€winning€bidÐ  p Ðof€$93,000€for€all€three€properties.€€A€contract€of€sale€between€Volunteer€Investments€and€propertyÐ  \ Ðowner€James€Bryan€Lewis€recited€a€down€payment€of€$18,600,€called€for€a€closing€within€30€days,Ð øH Ðand€stipulated€that€the€property€was€selling€as€is,€and€ð ðsubject€to€announcements€made€prior€to€sale.ððÐ ä4 ÐThe€parties€closed€on€December€10,€1997,€with€Volunteer€Investments€executing€a€promissory€noteÐ Ð  Ðto€Mr.€Lewis€for€the€$74,400€balance€of€the€purchase€price,€and€taking€title€on€that€date.Ð ¼  ÐÌà  àMr.€Adler€subsequently€requested€that€the€Metro€Health€Department€issue€septic€tankÐ ”ä Ðpermits.€€The€Health€Department€responded€that€it€possessed€no€information€concerning€theÐ €Ð Ðproperties.€€Mr.€Adler€immediately€notified€Feller€Brown€of€the€discrepancy.€€The€auctioneerÐ l¼ Ðpromised€to€remedy€the€situation,€and€promptly€told€Philip€Dickerson€to€either€submit€or€resubmitÐ X ¨ Ðthe€soil€tests.Ð D!” ÐÌà  àThe€Health€Department€acknowledged€receiving€the€required€documentation€on€February€6,Ð #l! Ð1998.€€However,€no€further€action€followed€on€the€part€of€the€Department€because€a€required€designÐ $X" Ðfee€had€not€been€paid,€nor€had€a€scaled€plot€plan€showing€the€placement€of€the€house,€driveway€andÐ ô$D # Ðwaterline€been€submitted.€€€€€Ð à%0!$ ÐÌà  àAt€some€point,€Mr.€Adler€also€learned€that€the€three€properties€were€considered€to€be€in€theÐ ¸'#& Ðâ âflood€plain.€€He€never€made€any€payments€on€his€promissory€note€(Mr.€Lewis€subsequentlyÐ ¤(ô#' Ðforeclosed).€€Rather€than€take€any€of€the€steps€described€above€for€obtaining€a€permit,€€Mr.€AdlerÐ ° Ðchose€instead€to€ask€the€seller€to€rescind€the€contract.׃×Ý ƒ#ÃÝòòÚ  Ú1Ú  ÚóóÝ  Ý×  ×Ð œì Ðâ âÌà  àOn€April€16,€1998,€Mr.€Adlerððs€attorney€sent€a€letter€to€Mr.€Brown€and€Mr.€Lewis€threateningÐ tÄ Ðlegal€action,€and€requesting€the€return€of€the€down€payment,€as€well€as€a€full€release€from€theÐ `° Ðpromissory€note€and€deed€of€trust.€€When€these€were€not€forthcoming,€Volunteer€Investments€filedÐ L œ Ða€Complaint€in€Chancery€Court.Ð 8 ˆ Ѐ€€Ð $ t Ðà@s s ìàò òII.€€òòProceedings€in€the€Trial€Courtóóó óˆÐ  ` Ðò òó óÌà  àThe€Complaint,€filed€on€May€29,€1998,€named€Feller€Brown€Realty€&€Auction€Co.,€andÐ è 8  ÐJames€Bryan€Lewis€as€defendants.€€The€plaintiff€asked€for€recission€of€the€land€purchase€on€the€basisÐ Ô$  Ðof€either€fraud€or€mutual€mistake,€and€for€damages.€€The€complaint€also€alleged€that€the€defendantsÐ À  Ðhad€deliberately€engaged€in€unfair€or€deceptive€acts€in€violation€of€the€Tennessee€ConsumerÐ ¬ü  ÐProtection€Act,€Tenn.€Code.€Ann.€ðð€47„18„104,€and€that€the€plaintiff€was€therefore€entitled€to€trebleÐ ˜è  Ðdamages€and€attorney€fees.Ð „Ô  ÐÌà  àThe€case€came€to€trial€on€June€28,€2000.€€Mr.€Adler,€Mr.€Brown€and€Mr.€Lewis€all€testified,Ð \¬ Ðas€did€Philip€Dickerson,€the€surveyor€who€prepared€the€survey€of€the€three€properties,€and€employeesÐ H˜ Ðof€the€Metro€Public€Works€and€Health€Departments.€€At€the€close€of€the€plaintiffððs€proof,€Mr.€LewisÐ 4„ Ðmoved€the€court€to€dismiss€the€Tennessee€Consumer€Protection€Act€claim€against€him.€€TheÐ  p Ðchancellor€granted€his€motion,€finding€that€the€Act€was€inapplicable€to€Mr.€Lewis,€because€he€wasÐ  \ Ðnot€regularly€engaged€in€the€business€of€selling€real€estate.€€At€the€conclusion€of€all€the€proof,€theÐ øH Ðtrial€court€took€the€matter€under€advisement.€€He€subsequently€filed€a€Memorandum€and€OrderÐ ä4 Ðdismissing€the€Complaint€in€its€entirety.€€This€appeal€followed.Ð Ð  ÐÌò òà@SS"ìàIII.€€òòRecissionó ó€óóˆÐ ¨ø ÐÌà  àOn€appeal,€Mr.€Adler€abandoned€the€claim€that€the€defendants€had€engaged€in€intentionalÐ „Ô Ðmisrepresentation,€but€continued€to€argue€that€he€was€entitled€to€recission€of€the€contract€becauseÐ pÀ Ðof€mutual€mistake€or€because€of€negligent€misrepresentation€on€the€part€of€the€defendants.€€BothÐ \ ¬ Ðtheories€relied€on€the€same€allegations:€that€Feller€Brown€failed€to€disclose€that€the€properties€wereÐ H!˜ Ðin€the€flood€plain,׃d×Ý ƒ#ÃÝòòÚ  Ú2Ú  ÚóóÝ  Ý×  ×€and€that€he€assured€bidders€that€the€soil€tests€would€be€recorded€with€the€HealthÐ 4"„  ÐDepartment€prior€to€closing,€though€the€Department€did€not€acknowledge€receiving€the€tests€untilÐ ° Ðalmost€two€months€after€the€closing.Ð œì ÐÌà  àThe€proof€showed,€however,€that€Mr.€Brown€publicly€announced€that€the€property€was€beingÐ tÄ Ðsold€subject€to€being€in€the€flood€plain.€€Mr.€Adler€admitted€in€deposition€that€he€probably€bid€lessÐ `° Ðfor€the€property€because€he€knew€it€was€possible€that€it€might€be€in€the€flood€plain,€although€on€theÐ L œ Ðstand€he€testified€that€the€purchase€price€was€unaffected€by€that€consideration.€€The€proof€alsoÐ 8 ˆ Ðshowed€that€when€the€auctioneer€learned€that€the€soil€percolation€tests€had€not€been€received€by€theÐ $ t ÐHealth€Department€as€promised,€he€acted€promptly€to€correct€the€situation,€and€there€was€noÐ  ` Ðevidence€of€any€damages€arising€from€the€delay.Ð ü L  ÐÌà  àThe€defendants€concede€that€mutual€mistake€or€misrepresentation€may€justify€contractÐ Ô$  Ðrecission€in€an€appropriate€case.€€òòSee€Isaacs€v.€Ô_ÔBokorÔ_Ôóó,€566€S.W.2d€532€(Tenn.€1978).€€They€note,Ð À  Ðhowever,€that€recission€is€an€extreme€remedy,€and€not€available€as€a€matter€of€course.€€In€the€caseÐ ¬ü  Ðof€òòÔ_ÔLovedayÔ_Ô€v.€Ô_ÔCateÔ_Ôóó,€854€S.W.2d€877,€(Tenn.€Ct.€App.€1992)€we€stated€(quoting€17A€Ô_ÔC.J.S.Ô_Ôòò€ContractsóóÐ ˜è  Ððð€422(1),€Right€to€Rescind€in€General,€p.516)€ð ð.€.€.€the€general€rule€is€that€recission€will€not€beÐ „Ô  Ðpermitted€for€a€slight€or€casual€breach€of€the€contract,€but€only€for€such€breaches€as€are€so€substantialÐ pÀ Ðand€fundamental€as€to€defeat€the€object€of€the€parties€in€making€the€agreement.ðð€€854€S.W.2d€at€879.Ð \¬ ÐÌà  àTo€meet€this€requirement,€the€appellant€argues€that€he€purchased€the€properties€with€theÐ 4„ Ðintention€of€building€three„bedroom€houses€on€them,€and€that€they€are€of€no€value€to€him€becauseÐ  p Ðthey€are€totally€unsuitable€for€that€purpose.€€Mr.€Brown€conceded€at€trial€that€if€Mr.€Adler€couldÐ  \ Ðprove€that€construction€of€three„bedroom€homes€is€impossible€on€those€properties,€then€recissionÐ øH Ðwould€be€an€appropriate€remedy.€Ð ä4 ÐÌà  àThe€proof€did€not€show,€however€that€the€properties€were€unsuitable€for€the€homes€that€Mr.Ð ¼  ÐAdler€wished€to€build.€€In€fact,€the€evidence€was€to€the€contrary.€€Mr.€Adler€admitted€that€in€theÐ ¨ø Ðcourse€of€his€career€as€a€developer,€he€had€successfully€built€at€least€three€or€four€homes€on€NashvilleÐ ”ä Ðlots€that€were€in€the€flood€plain,€and€that€to€do€so€it€was€only€necessary€to€raise€the€house€by€one€orÐ €Ð Ðtwo€courses€of€blocks.Ð l¼ ÐÌà  àFurther,€Mr.€Dickerson,€a€soil€scientist€with€over€sixteen€years€experience,€testified€that€theÐ D!” Ðsoil€on€the€subject€properties€qualified€for€the€highest€rating€possible€with€regard€to€the€percolationÐ 0"€  Ðtest,€and€he€repeated€on€the€stand€his€earlier€opinion€that€each€tract€would€percolate€for€three€or€fourÐ #l! Ðbedroom€residences.€€Finally,€Mr.€Brown€had€decided€to€see€if€he€himself€could€obtain€the€septicÐ $X" Ðtank€approvals.€€Three€months€prior€to€trial,€he€paid€the€design€fees€of€about€$200€for€each€tract,€andÐ ô$D # Ðasked€Mr.€Dickerson€to€submit€site€plans.€€The€approvals€were€obtained€the€day€before€trial.Ð à%0!$ ÐÌà  àThe€appellant€disputed€the€probative€value€of€the€septic€tank€approvals,€noting€that€the€siteÐ ¸'#& Ðplan€that€was€submitted€implied€construction€of€houses€between€3€feet€and€12€feet€from€the€creek,Ð ¤(ô#' Ðand€stating€that€the€Codes€Department€would€not€issue€a€building€permit€for€a€house€less€than€25€feetÐ )à$( Ðâ âfrom€a€creek,€unless€the€builder€obtained€a€variance.€€While€this€may€be€true,€there€was€no€evidenceÐ |*Ì%) Ðthat€a€variance€could€not€be€obtained,€or€that€a€site€plan€that€conformed€to€the€requirements€of€theÐ ° ÐCodes€Department€could€not€have€been€approved.Ð œì Ðâ âÌà  àWe€note€that€Christopher€Ô_ÔMichieÔ_Ô,€a€Health€Department€employee€who€works€in€its€DivisionÐ tÄ Ðof€Engineering€Services,€testified€that€it€was€likely€that€a€suitable€septic€system€could€be€constructedÐ `° Ðat€an€appropriate€distance€from€the€creek€on€each€of€the€properties.€€In€light€of€the€size€of€these€tracts,Ð L œ Ðthere€would€seem€to€be€an€abundance€of€choices€as€to€where€to€situate€a€home.Ð 8 ˆ ÐÌà  àIt€thus€appears€that€Mr.€Adler€could€probably€have€obtained€a€building€permit€if€he€had€justÐ  ` Ðfollowed€through€on€the€steps€required€for€septic€system€approval.€€It€is€unclear€why€he€did€not,€butÐ ü L  Ðthe€evidence€strongly€suggests€that€he€simply€came€to€believe€that€his€purchase€was€not€as€good€aÐ è 8  Ðdeal€as€he€had€initially€thought,€and€he€decided€he€would€rather€try€to€rescind€the€contract€than€toÐ Ô$  Ðperform€it.€Ð À  ÐÌà@‘ ‘ ìàò òIV.òò€€Negligent€Misrepresentationóóó ó€ˆÐ ˜è  ÐÌà  àIn€òòÔ_ÔTarteraÔ_Ô€v.€Ô_ÔPalumboÔ_Ôóó,€453€S.W.2d€780€(Tenn.€1970),€our€Supreme€Court€recognized€the€tortÐ tÄ Ðof€negligent€misrepresentation,€quoting€a€definition€of€the€tort€from€a€draft€by€the€American€LawÐ `° ÐInstitute€that€was€later€incorporated€into€the€òòRestatement€of€Torts€(Second)€óóðð€552:Ð Lœ ÐÒ°ÒÒ°ÒÌ(1)€One€who,€in€the€course€of€his€business,€profession€or€employment,€or€aÐ $t Ðtransaction€in€which€he€has€a€pecuniary€interest,€supplies€false€information€for€theÐ ` Ðguidance€of€others€in€their€business€transactions,€is€subject€to€liability€for€pecuniaryÐ üL Ðloss€caused€to€them€by€their€justifiable€reliance€upon€such€information,€if€he€fails€toÐ è8 Ðexercise€reasonable€care€or€competence€in€obtaining€or€communicating€theÐ Ô$ Ðinformation.Ð À ÐÒ°ÒÒ°ÒÌà  àAnother€portion€of€the€same€section,€ðð€552(B)€states€that€misrepresentation€may€support€aÐ ˜è Ðnumber€of€different€remedies.€€However,€no€such€remedy€would€be€available€in€the€absence€of€proofÐ „Ô Ðof€pecuniary€loss.€€Thus,€even€if€we€accept€Mr.€Adlerððs€contention€that€Feller€Brown€was€negligentÐ pÀ Ðin€representing€that€the€soil€tests€had€been€or€would€be€submitted€to€and/or€approved€by€the€HealthÐ \ ¬ ÐDepartment€prior€to€closing,€there€is€no€evidence€that€the€plaintiff€suffered€any€monetary€loss€fromÐ H!˜ Ðthe€alleged€misrepresentation,€and€thus€there€is€no€basis€for€an€award€of€any€kind.€Ð 4"„  ÐÌà@‹‹)ìàò òV.ó óˆÐ  $\" ÐÌà  àThe€order€of€the€trial€court€is€affirmed.€€Remand€this€cause€to€the€Chancery€Court€ofÐ ä%4!$ ÐDavidson€County€for€further€proceedings€consistent€with€this€opinion.€€Tax€the€costs€on€appeal€toÐ Ð& "% ÐVolunteer€Investments,€Ô_ÔInc.Ô_ÔÔ_ÔÔ_ÔÐ ¼' #& ÐÌÌà  àà ` àà ¸ àà  àà h àà À à_________________________________________€Ð €*Ð%) Ðà  àà ` àà ¸ àà  àà h àà À àBEN€H.€CANTRELL,€PRESIDING€JUDGE,€M.S.