An Investor Named Orson Was Trying to Decide Between Entering

question 17

Multiple Choice

An investor named Orson was trying to decide between entering the futures markets and creating a forward contract.His broker said, "I think I might have found a great opportunity for you, Orson.If events play out as I hope, this forward contract will earn you a lot of money." Orson took that advice, but the forward contract did not perform and Orson lost everything.What should Orson do?

• A)Sue his broker for negligence.
• B)Sue his broker for misrepresentation.
• C)Sue his broker for deceit.
• D)Orson has no remedy; his broker was stating an opinion.
• E)Orson has no remedy; his broker was making a statement of future conduct.