Sharif owned 10 percent of the shares of Orca Environmental Consulting Inc. Jenna, the lawyer for Orca,

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Sharif owned 10 percent of the shares of Orca Environmental Consulting Inc. Jenna, the lawyer for Orca, approached Sharif, telling him that she represented "a group of investors" who were interested in purchasing Sharif 's shares. Jenna made an offer, accompanied by a deposit, and Sharif accepted it. There was no "group of investors." Jenna had thought that she would be able to put together a group after she had negotiated the purchase from Sharif. She could not do so and the purchase was never completed. Is Jenna personally liable for failing to purchase Sharif 's shares? What is the legal basis of liability?

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Related Book For  answer-question

Managing the Law The Legal Aspects of Doing Business

ISBN: 978-0133847154

5th edition

Authors: Mitchell McInnes, Ian R. Kerr, J. Anthony VanDuzer

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