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12. Madison and Morris are twins, who had the good fortune of winning $1,000,000 in the 649 Lottery. Unsure what she should do with her
12. Madison and Morris are twins, who had the good fortune of winning $1,000,000 in the 649 Lottery. Unsure what she should do with her share of the money, Madison consulted a neighbour of hers, Pierce who happened to be an investment counsellor. Pierce advised Madison to invest in a junior mining company, which according to a story that Pierce had read on the Internet, had rights to a very lucrative gold mine in Indonesia. Madison told Morris about Pierce's tip and they each invested $250,000 in shares in the mining company. Unfortunately, the gold mine did not pan out and the shares they bought for $25.00 each dropped in value to $.25. Would Madison and Morris succeed in a legal action for damages against Pierce? Explain fully 12. Madison and Morris are twins, who had the good fortune of winning $1,000,000 in the 649 Lottery. Unsure what she should do with her share of the money, Madison consulted a neighbour of hers, Pierce who happened to be an investment counsellor. Pierce advised Madison to invest in a junior mining company, which according to a story that Pierce had read on the Internet, had rights to a very lucrative gold mine in Indonesia. Madison told Morris about Pierce's tip and they each invested $250,000 in shares in the mining company. Unfortunately, the gold mine did not pan out and the shares they bought for $25.00 each dropped in value to $.25. Would Madison and Morris succeed in a legal action for damages against Pierce? Explain fully
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