Seble wants to open a floral shop in a downtown business district.She doesn't have funds enough to purchase inventory and pay six months'' rent up front.Seble approaches a good friend,Zhou,to discuss the possibility of Zhou investing funds and becoming a 25% partner in the business.After a lengthy discussion Zhou agrees to invest.Eight months later,Zhou and Seble have a major argument.In order for Zhou to sue Seble for fraud,all the following must be true except
A) Zhou's decision to invest was primarily based on Seble's assertion that she had prior floral retail experience.
B) Seble told Zhou she had worked at a floral shop for several years, when in fact she did not have any prior experience in floral retail.
C) before Zhou invested, Seble prepared a detailed business plan and sales forecasts, and provided Zhou with copies.
D) Zhou's 25% share of the business is worth substantially less than her initial investment.
Correct Answer:
Verified
Q4: Logic errors are an example of which
Q6: All of the following are required for
Q7: Excessive heat is an example of a(n)_
Q8: Identify the threat below that is not
Q9: Which type of threat causes the greatest
Q11: Which of the following is the greatest
Q15: What agency did the United States create
Q16: A disgruntled employee in Australia hacked into
Q17: "Cooking the books" is typically accomplished by
Q22: Intentional or reckless conduct that results in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents