My son - 22 - had an acute manic phase which landed him in the hospital for 10 days in February. During this phase he bought a car from a friend, a fellow student at the university. The friend asked for $5000 for the car. My son gave him $8000. The check was cashed while my son was in the hospital. We learned about this a month later and since my son is now hospitalized for the second time , we have been trying to sell the car. Now we discovered that the car is worth $2,000-3,000 (it's a 1992 car with 139K miles). My son asked for $3,000 back from his "friend" and was told no. I then wrote a note to the seller suggesting he give us back $3,000 as he would surely not want to take advantage of a lapse of judgment by his friend. Or that he can have the car back and I will give him $2000 (the car hasn't been driven at all, since my son was unable to register it). Seller said he's not interested and that my son should have done his research. What else can I do? Does anyone have experience with suing to invalidate a contract like this? Can a small claims court do this? Would a complaint to the Dean of the university about this "friend" make any sense? Any and all advice most appreciated. Thank you.
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