Rachel owned the right to mine for gold on a particular piece of property. Because she lacked immediate financial resources, she issued a statement that was designed to attract investors. That statement was, as Rachel knew, inaccurate. It claimed that the land held considerably more gold than it actually did. Relying upon the truth of the information contained in Rachel's statement, Siddharth invested $100 000 in her mining project. On the basis of the statement, he expected to earn a net profit of $250 000. In fact, he earned a much more modest profit of $10 000. Siddharth has sued Rachel for the tort of deceit. How much will he receive as compensatory damages? Explain your answer.

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The Answer of Rachel owned the right to mine for gold on a particular piece of property. Because she lacked immediate financial resources, she issued a statement that was designed to attract investors. That statement was, as Rachel knew, inaccurate. It claimed that the land held considerably more gold than it actually did. Relying upon the truth of the information contained in Rachel's statement, Siddharth invested $100 000 in her mining project. On the basis of the statement, he expected to earn a net profit of $250 000. In fact, he earned a much more modest profit of $10 000. Siddharth has sued Rachel for the tort of deceit. How much will he receive as compensatory damages? Explain your answer.

Rachel Owned the Right to Mine for Gold on a Particular