By early July, Arvid had become quite nervous about his ability to afford the upcoming school year. Fees, tuition, and books were estimated to cost $10 000. Leaving aside money needed for rent and living expenses, his budget contained only $5000. His problem seemed to be solved, however, when an acquaintance, Miriam, offered Arvid a "remarkable, short-term investment opportunity," as she put it. She explained that while she had developed a "fail-safe" business plan for selling T-shirts to tourists over the summer, she was short of funds. She further said that she could guarantee that Arvid would "at least double his money" if he invested between $3000 and $6000 in the scheme. Although Arvid was skeptical at first, he eventually was persuaded after Miriam provided him with an impressive document, containing charts showing profits from past ventures and projected revenues from the current project. He therefore invested his $5000 with Miriam. Sad to say, the business failed miserably and, instead of doubling his money, Arvid lost his entire investment. It is now early September and he has no money for school. A friend has suggested that Arvid should sue Miriam for the tort of deceit. Is Arvid likely to win such an action? If so, how much would he likely receive from Miriam?