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Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
Edition 4ISBN: 978-1133709107 Exercise 6
Tedprepared fraudulent financial statements for the ArborCorp. Lacy read these statements before purchasing stock in the company. When Arbor goes bankrupt, Lacy sues Ted.
(a) Lacy will win because it was foreseeable that she would rely on these statements.
(b) Lacy will win because Ted was negligent.
(c) Lacy will lose because she did not rely on these statements.
(d) Lacy will lose because it was not foreseeable that she would rely on these statements.
(a) Lacy will win because it was foreseeable that she would rely on these statements.
(b) Lacy will win because Ted was negligent.
(c) Lacy will lose because she did not rely on these statements.
(d) Lacy will lose because it was not foreseeable that she would rely on these statements.
Explanation
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Option "B" is not correct because the ac...
Cengage Advantage Books: Introduction to Business Law 4th Edition by Timothy Koch, Jeffrey Beatty, Jeffrey Beatty, Susan Samuelson, Susan Samuelson
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