FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Auntie 89 years old is convinced by her grandson to invest in a speculative stock Auntie loses 10000 on the investment and with the advice

Auntie 89 years old is convinced by her grandson to invest in a speculative stock Auntie loses 10000 on the investment and with the advice of her attorney sues her grandson on the basis of undue influence She claims that she relied upon him that they maintained a confidential relationship Are her claims valid Will she succeeds Discuss this issue?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

1 Yes her claims are valid Auntie has lost money due to influence by her grandson who convinced her to invest in a speculative stock knowing that mone... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Accounting questions

Question

★★★★★
In April, Cranson was asked to invest in a new business corporation that was about to be created. He agreed to purchase stock and to become an officer and director. After his attorney advised him...

Answered: 1 week ago

Question

★★★★★
A firm has an opportunity to invest in a new device that will replace two of the firms older machines. The new device costs $570,000 and requires an additional outlay of $30,000 to cover installation...

Answered: 1 week ago

Question

★★★★★
A firm has the opportunity to invest in a project having an initial outlay of $20,000. Net cash inflows (before depreciation and taxes) are expected to be $5,000 per year for five years. The firm...

Answered: 1 week ago

Question

★★★★★
Write a function named "count the" in C which counts the number of times a given word "the" appears in the string parameter. Test Data: Input: The string where the word the present more than once....

Answered: 1 week ago

Question

★★★★★
A cruise line has space for 500 passengers on each voyage. There are two market segments: elderly passengers and younger passengers. The demand curve for the elderly market segment is Q1 = 750 - 4P1....

Answered: 1 week ago

Question

★★★★★
Offhaus Manufacturing produces office supplies but outsources the delivery of its products to third-party carriers. Offhaus ships to 20 cities from its Dayton, Ohio, manufacturing facility and has...

Answered: 1 week ago

Question

★★★★★
=+a) Is this an experiment or an observational study? Explain.

Answered: 1 week ago

Question

★★★★★
If employers are risk neutral and employees are risk averse, why is a salary contract optimal, ignoring tax and asymmetric information considerations? Under what conditions in employee compensation...

Answered: 1 week ago

Question

★★★★★
PROBLEM SEVEN Window Shine Ltd. was incorporated on July 1, 2020, and purchased an existing business on the same date. The purchase included the following assets: Delivery truck Goodwill Franchise...

Answered: 1 week ago

Question

★★★★★
Kristi Williams offers family counseling services specializing in financial and marital problems. A chart of accounts and a trial balance taken on December 31, 20--, follow. Information for year-end...

Answered: 1 week ago

Question

★★★★★
During August, Salinger Company incurred factory overhead costs as follows: indirect materials, $3,110; indirect labor, $6,280; utilities cost, $1,860; and factory depreciation, $2,010. Journalize...

Answered: 1 week ago

Question

★★★★★
The professional football club, Highbury Academicals, is considering acquiring a highly successful German international footballer. The transfer fee will be 42m, half of which is payable immediately...

Answered: 1 week ago

Question

★★★★★
Alexandria is evaluating an idea to open her own business. The initial investment is estimated to be $100,000. The investment horizon is 5 years. She will use a 5-year straight-line depreciation...

Answered: 1 week ago

Question

★★★★★
identify ARB (4x4 company) international strategy What are the positive and negatives of their internationalization strategy what would you do diffrently?

Answered: 1 week ago

Question

★★★★★
Quarter Demand (units) 1 2,300 2 2,400 3 2,600 4 2,100 Beginning Inventory 200 units Inventory holding cost $10 per unit at end of quarter Hiring workers $4 per unit Firing workers $8 per unit unit...

Answered: 1 week ago

Question

★★★★★
The rational number 22/7 has been used as an approximation to the number since the time of Archimedes. First, show that: L x(1-x)4 1+x dx = 22 7 - . We will now use properties of this integral to see...

Answered: 1 week ago

Question

★★★★★
Bitcoin, released by someone using the pseudonym of Satoshi Nakamoto, is based on what technology?

Answered: 1 week ago

Question

★★★★★
Determine the values of the given trigonometric functions directly on a calculator. The angles are approximate. tan 0.8035

Answered: 1 week ago

Question

★★★★★
Martin, Mark, and Marvin formed a retail clothing partnership named M Clothiers and conducted a business for many years, buying most of their clothing from Hill, a wholesaler. On January 15, Marvin...

Answered: 1 week ago

Question

★★★★★
The Brewers contracted to purchase Dower House from McAfee. Then, several weeks before the May 7 settlement date for the purchase of the house, the two parties began to negotiate for the sale of...

Answered: 1 week ago

Question

★★★★★
Saul sold goods to Bruce, warranting that the goods were of a specified quality. The goods were not of the quality warranted, however, and Saul knew this at the time of the sale. Bruce drew and...

Answered: 1 week ago

Question

★★★★★
Mr. van der Linden has just used the funds in his RRSP to purchase a 25-year annuity earning 8% compounded semiannually and paying $3509 at the beginning of each month. Mr. van der Linden made his...

Answered: 1 week ago

Question

★★★★★
How long will it take an RRSP to grow to $600,000 if it receives a contribution of $2500 at the beginning of each quarter and it earns: a. 6% compounded quarterly? b. 7% compounded quarterly? c. 8%...

Answered: 1 week ago

Question

★★★★★
The average annual costs to support a child born today are estimated as follows: The costs in the early years include child care expenses or foregone earnings of the care-giving parent. Rounded to...

Answered: 1 week ago

Previous Question Next Question