Dyan Enters into a Contract with Eli, Who Claims to Have

question 47

Multiple Choice

Dyan enters into a contract with Eli, who claims to have access to a stock-trading algorithm that will multiply an investment many times over. When the results do not match this claim, Dyan learns that Eli does not have access to the algorithm and files a suit, alleging fraud. Dyan must show harm to

• A)recover damages.
• B)rescind the contract.
• C)undo Eli's influence.
• D)punish the defendant.

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Definitions:

Sole Proprietorship

A business structure where a single individual owns and operates the business, making them solely responsible for its debts and liabilities.

Dissolves

The act of officially ending the existence of an entity such as a corporation, partnership, or marriage.

Taxed

Imposed financial charges by a government on income, goods, or activities for public funding.

Separate Entity

A principle acknowledging that a business has its own legal identity, distinct from its owners or members, allowing it to own property, incur debts, and enter into contracts independently.