Question
Rupali is a champion ice skater who has retired from professional sport, she is now interested in using her considerable savings (from her winnings and
Rupali is a champion ice skater who has retired from professional sport, she is now interested in using her considerable savings (from her winnings and professional fees) to purchase a business. Rupali is interested in purchasing a suburban ice skating rink and she begins negotiations with the proprietor for a sale. The owner assures Rupali that the business grosses more than $5,000 per week with overheads of only $2,000 per week. Rupali has never owned a business before and does understand accounting, but she is convinced when shown the books that the business is making considerable profits. Rupali purchases the business and soon discovers that the business has overheads of $2,000 which are the fixed overheads, not the current overheads which considerably wipe out any potential profit. The vendor had shown her only parts of the accounts and seems to have kept from her the actual profits per week.
What rights might Rupali have once she discovers the true state of the business?
Please use consumer law: Misleading or deceptive conduct or Unconscionable conduct.
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