Chat with AI
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Edition 11ISBN: 978-1133587576 Exercise 7
On February 2, Phillips induced Mallor to purchase from her fifty shares of stock in the XYZ Corporation for $10,000, representing that the actual book value of each share was $200. A certificate for fifty shares was delivered to Mallor. On February 16, Mallor discovered that the February 2 book value was only $50 per share. Thereafter, Mallor sues Phillips. Will Mallor be successful in a lawsuit against Phillips? Why?
Explanation
Verified
Verified
Case synopsis:
This case understands th...
Business Law and the Regulation of Business 11th Edition by Richard Mann, Barry Roberts
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
