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Olin,a professional artist and art teacher,convinces Plato,who has no artistic ability,that he has considerable talent and induces him to pay Olin $10,000 for art lessons.When Plato realizes the truth,he files a suit against Olin.Plato is most likely to recover on the basis of
Annuity Contract
A financial product issued by an insurance company that offers fixed or variable payments to an individual, typically beginning at retirement.
Expected Return
The anticipated amount of profit or loss an investment is to generate over a specific time period.
SIMPLE Pension Plan
A retirement savings plan that allows employees and employers to contribute to individual retirement accounts (IRAs) setup for employees, typically suitable for small businesses.
Annual Contribution
The total amount of money contributed to a specific account or fund within a single fiscal year.
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