Case #11 Ron was interested in purchasing George's welding business. George showed Ron the financial statements for the previous year, which indicated that the business made $150,000 profit before tax. Impressed with the profit figures in the financial statements, Ron purchased the business for $300,000. Unfortunately the business lost money over the next year. Subsequently it was leaned that the financial statements were erroneous; the correct before tax amount was only $125,000. George claims he was unaware of the error because the statements were prepared by an accountant. He simply turned over all of his financial records for the year. a. On what bases could Ron sue George? (2 marks) b. What does Ron need to prove to be successful? (4 marks) c. Is Ron likely to be successful