BUS311_chapter_05

In these situations the dominant person is seeking to

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Unformatted text preview: ers the problem, he will have a good case against BG for fraud. Keep in mind that predictions and opinions are generally not statements of fact, and therefore not fraudulent. If another student tells you to sign up for Business Law because it’s dead easy and you later decide it’s actually a really hard class, you cannot sue, because that is an opinion. If your advisor tells you “Business Law is the greatest class in the whole world! A life-changing experience! Fantastic!” this is called puffery, and is not a basis for rog80328_05_c05_089-110.indd 96 10/26/12 5:37 PM Section 5.4 Unenforceable Contracts and the Statute of Frauds CHAPTER 5 fraud. If your stockbroker tells you, “This one will be a winner,” and the stock you buy tanks, your broker was merely making a prediction, and this is not fraud. In addition to an intentional misrepresentation of a material fact, made with intent to deceive, remember that Vic must also show he reasonably relied on BG’s statement. In a contract case, to prove the final element of damage, Vic does not...
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This test prep was uploaded on 04/09/2014 for the course BUS 311 taught by Professor Parker during the Spring '10 term at Ashford University.

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