Dana believes that a new phone to be sold by Ear Fruit Inc. will become the most popular phone in the market. Dana enters into a contract to buy 500 shares of Ear Fruit stock, anticipating an increase in its value. The phone does not become popular, and the price of the stock does not rise. Dana can recover
A) nothing.
B) the amount of the purchase price.
C) the amount of the purchase price plus the expected increase.
D) the amount of the purchase price plus the unexpected decrease.
Correct Answer:
Verified
Q24: Reliance on a misrepresentation is justified even
Q25: The party on whom duress is exerted
Q26: Undue influence can arise from a confidential
Q27: Consent to the terms of a contract
Q28: For purposes of fraudulent misrepresentation, scienter clearly
Q30: The distinction between "seller's talk" and facts
Q31: A misunderstanding concerning a basic assumption on
Q32: The party on whom duress is exerted
Q33: In general, a person should not rely
Q34: The essential feature of undue influence is
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