Dylan Committed the Tort of Deceit Against Hilary

question 54

Multiple Choice

Dylan committed the tort of deceit against Hilary.He tricked her into investing $5000 in his business.If his statement had been true, her investment would now be worth $8000.However, because his statement was untrue, her investment has fallen in value to $4000.How much will Hilary probably receive in compensatory damages?

• A)$5000
• B)$4000
• C)$8000
• D)$1000
• E)$3000

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Definitions:

Downward Sloping

Characteristic of a graph indicating that as one variable increases, the other variable decreases, common in demand curves.

Demand

The quantity of a particular good or service that consumers are willing and able to purchase at various prices.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Industry Demand

The total demand for the products of a specific industry, encompassing the collective demand of all consumers for these products.