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a) Ralph could void and rescind the contract with Sid the car because of fraud.
He had already paid Sid the sum of $25,000 for the car, whose mileage, horsepower, and engine condition were fraudulently misstated.
b) Ralph could take legal action against Sid to recover value for the fraudulent misstatements.
Thus, Ralph should immediately sue Sid to void the contract or recover damages.
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