Sara Holds 1,000 Shares of Stock in Starr, Inc

question 61

Multiple Choice

Sara holds 1,000 shares of stock in Starr, Inc., which she purchased based upon financial statements that Travis had prepared. She now realizes that the statements were false and wants to sue Travis for common law fraud. What is Travis's best defense?

• A) Sara lacks privity of contract.
• B) Travis gave a broad disclaimer as part of the financial statement.
• C) The false statements were immaterial.
• D) Starr contributed to the misstatement.

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