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A wine merchant sends out a prospectus to his client's containing certain information namely that the wine that would b e produced by the merchant
A wine merchant sends out a prospectus to his client's containing certain information namely that the wine that would b e produced by the merchant would be for sale in 2 years. An investor, who had received the prospectus, subscribes to the prospectus on the basis of these statements. The wine is not produced in 2 years and in fact there is never any wine produced. As a result the investor loses all her money. What action could she take?
Note: Question related with Fundamentals of Business and Corporations Law Australia.
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