subject
Law, 21.12.2019 00:31 raedusty3200

Ayoung stockbroker was rather overwhelmed by a flood of new clients. assunta, one of his clients, had purchased xyz corp. stock through the broker at a price of $35 per share. the price had gone down to $29 by the time assunta telephoned the broker. assunta told the broker that she wanted to sell the stock if it went below $30 and inquired as to the price. the broker did not check the price, but thinking it could not have fallen below the $30 threshold, simply reassured assunta that it was still "in the low 30s." marta, assunta's cousin, also had purchased xyz stock at $35 per share and made a similar call to the broker and received the same response. marta, however, coincidentally saw the price on a stock ticker tape when she hung up and realized the broker had made an error. both assunta and marta held the stock and did not sell. later that same day, the stock price fell an additional $7 per share. facing sizable losses, both assunta and martha decided to sue for fraud when marta told assunta of the broker's misstatement. discuss the probable outcome of the lawsuits.

ansver
Answers: 1

Another question on Law

question
Law, 03.07.2019 15:10
Within how many days of acquiring or discovering a significant financial interest is the investigator required to submit an updated disclosure to the institution?
Answers: 3
question
Law, 09.07.2019 19:20
3. meena and ala are two friends. meena has a habit of using new pens almostevery day, whereas ala believes in getting a refill for her pen instead of buyinga new pen even though her friends make fun of her.a) which out of two practices would you follow and why? b) which value is ala depicting?
Answers: 1
question
Law, 15.07.2019 09:10
Dumb question? (thats me name: ) can a stakeholder be a leader of an organization?
Answers: 1
question
Law, 15.07.2019 23:10
You are a member of the parole board and you hear joe donovan's case. do you grant parole or not? support your answer with at least three supporting facts from the video.
Answers: 3
You know the right answer?
Ayoung stockbroker was rather overwhelmed by a flood of new clients. assunta, one of his clients, ha...
Questions
question
Arts, 19.11.2020 01:50
question
Advanced Placement (AP), 19.11.2020 01:50
question
Mathematics, 19.11.2020 01:50
Questions on the website: 13722360