(b) River has a company named \"River Co. Ltd\

(b) River has a company named "River Co. Ltd", located in Tuen Mun, Hong Kong. River's family will emigrate to Singapore within 2 months. River then posted an advertisement in the local newspaper to sell the firm. The advertisement states that this firm has more than 600 clients currently. It also states that the past monthly profit was about HK$ Lucy saw the advertisement and visited River to express her interest to buy the firm. River suggested Lucy to check the financial records, but Lucy did not check any financial records as she was too busy, and relied on the information in the advertisement to make her decision. Finally, Lucy purchased the firm at a consideration ofHK$800,OOO. After Lucy has operated the firm for several months, she discovers that this firm never has as many clients as shown in the advertisement published by River before, and the past monthly net profit was just average HK$IO,OOO. Advise Lucy with regard to relevant contract law knowledge. (15 marks)