1. Scott, has owned a Cajun style restaurant in Scottsbluff for the last 15 years but is now interested in selling it. Isabel is interested in purchasing this restaurant and asks Scott all of the general questions you ask when looking to buy a business. Scott tells Isabel that last year, the restaurant netted $75,000 and should do 100k this year. Scott turn over the restaurant books to Isabel that clearly state in the numbers that the business only made 38K not 75K. Scott also does not inform Isabel that the city plans on shutting down the street that runs in front of the restaurant and bypass traffic a block away, which will cut the traffic access to the restaurant to nearly 0. Isabel buys the restaurant. After the first year, the restaurant only makes 16K. Isabel goes back through the books and discovers the previous years true numbers. Isabel files a lawsuit against Scott for fraud. Do you believe Isabel will succeed in her suit for fraud? Explain your legal reasoning.

2.Scott, the owner of a nice office building in downtown Scottsbluff, is looking to sell this building.Before Scott can sell this property, a thorough inspection must be done.Once the inspection is competed, Scott finds out that the sewer lines are old and outdated and need to be replaced to meet the current city codes.Scott proceeds to sell the property without disclosing the results of this report with the necessary documents.Isabel purchases the property quickly finds out that the repairs must be done.She spends $45,000 to make all the necessary repairs.Is the seller (Scott) liable for not disclosing the needed repairs?Explain your legal reasoning.