May is a stockbroker.Due to May's statements,Nora believes that the price of OK Goods,Inc.(OKGI) ,a widely traded stock,is going to in?crease sub?stantially.Nora buys 500 shares of OKGI at $10 per share,but the price soon drops to $2.Nora can successfully 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
Q15: Intent to deceive is an element of
Q18: Misrepresentation of a material fact cannot occur
Q19: Reliance on a misrepresentation is justified if
Q19: A contract written exclusively by one party
Q21: Fact Pattern 14-A1 (Questions A2-A3 apply)
Linea,an employee
Q23: Gary threatens physical harm to force Hugh
Q24: Fact Pattern 14-A3 (Questions A16-A17 apply)
Flip,an accountant,certifies
Q25: Fact Pattern 14-A1 (Questions A2-A3 apply)
Linea,an employee
Q26: Sam uses duress to force Tanya to
Q27: Fact Pattern 14-A2 (Questions A5-A6 apply)
Moore Properties,Inc.,offers
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