Bao is interested in owning and operating a furniture business and seeks the advice of Dependable Business Advisors. Meng is appointed as her advisor and after some discussion and research Meng recommends Bao purchase Fabo Furniture which already has two successful outlets and is poised for expansion and a very successful future. The purchase price is $800,000 and Bao excitedly proceeds. Sadly, after 6 months, Fabo Furniture is losing money and Bao has lost the purchase price and more. A new branch of Ikea has opened across the road to one of the shops and that is why the original owners were selling. Bao discovers that this was common knowledge in the furniture business market and that Meng should have known this at the time, and that further, he gave his advice relying on financial information which was incorrect and out of date. Bao is furious. Advise Bao of any action she may take, against whom she may take it, why she may take it and the consequences of that action.