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Question 21 (2 points) Gi Sydney wants to open a floral shop in a downtown business district. She doesn't have funds enough to purchase inventory
Question 21 (2 points) Gi Sydney wants to open a floral shop in a downtown business district. She doesn't have funds enough to purchase inventory and pay six months" rent up front. Sydney approaches a good friend, Dory, to discuss the possibility of Dory investing funds and becoming a 25% partner in the business. After a lengthy discussion Dory agrees to invest. Eight months later, Dory and Sydney hav a major argument. In order for Dory to sue Sydney for fraud, all the following must be true except Dory's decision to invest was primarily based on Sydney's assertion that she had prior floral retail experience Dory's 25% share of the business is worth substantially less than her initial investment. Sydney told Dory she had worked at a floral shop for several years, when in fact she did not have any prior experience in floral retail before Dory invested. Sydney prepared a detailed business plan and sales forecasts, and provided Dory with copies
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