04. Amy 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. Amy approaches a good friend, Coleen, to discuss the possibility of Coleen investing funds and becoming a 25% partner in the business. After a lengthy discussion Coleen agrees to invest. Eight months later, Coleen and Amy have a falling out. In order for Coleen to sue Amy for fraud, all the following must be true except

a.

Coleen's decision to invest was primarily based on Amy's assertion that she had prior floral retail experience.

b.

Before Coleen invested, Amy prepared a detailed business plan and sales forecasts, and provided Coleen with copies.

c.

Coleen's 25% share of the business is worth substantially less than her initial investment.

d.

Amy told Coleen she had worked at a floral shop for several years, when in fact she did not have any prior experience in floral retail.