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Xavier Decides to Buy a Tiger Cub Off of the Internet

question 83

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Xavier decides to buy a tiger cub off of the Internet. As the tiger cub "Sasha" grows, Xavier works with the tiger cub to ensure that it behaves properly when his friends come over, but occasionally Sasha resorts to her tiger instincts. One Saturday as Xavier is grilling steaks for his friends, Sasha jumps on Xavier's guest Joann and bites her as she tries to eat her steak. If Joann sues Xavier, what theory will she use to recover her damages?

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Definitions:

Securities and Exchange Commission

A U.S. federal agency responsible for enforcing the federal securities laws, proposing securities rules, and regulating the securities industry.

1933 Securities Act

A federal statute that requires securities sold in the U.S. to be registered and to disclose relevant financial information, aiming to protect investors from fraud.

General Solicitation

The act of publicly advertising or promoting an investment opportunity, often regulated by securities law to protect investors.

Noninvestment Company

An entity primarily engaged in operations other than investing, reinvesting, or trading in securities and does not qualify as an investment company under relevant regulations.

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