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Please use IRAC method. A and B are friends. A asks B, an accountant, if she should invest in X company. B explains that she

Please use IRAC method.

A and B are friends. A asks B, an accountant, if she should invest in X company. B explains that she has checked the accounts of X, and that it is a good investment. In fact, B misread the accounts and the company is insolvent. A invests her money, and her investment fails.

Advise A of her rights and support your answer by reference to at least one (1) court case.

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