Eleni agreed to act as an investment adviser for Gnuhigh Ltd.After completing her first project for Gnuhigh, she asked for payment of $10 000, as calculated under the terms of the parties' agreement.Gnuhigh refused to pay.In support of its position, it pointed to the Financial Industry Standards Act, which says that a contract for investment advice is unenforceable unless it is registered with a government official.The agreement between Eleni and Gnuhigh is not registered.Eleni is most likely entitled to receive

Question

Quizplus · Accepted Answer

Eleni is most likely entitled to receive $10,000 as restitution for unjust enrichment because, even though the contract is unenforceable due to lack of registration, she provided services from which Gnuhigh benefited. Restitution aims to prevent unjust enrichment by compensating for the value of the benefit conferred.

Eleni Agreed to Act as an Investment Adviser for Gnuhigh