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quires Respondus LockDown Browser Time Left:1:58:42 Rishab Kaushal: Attempt 1 5 9 A/ 1. Question 4 (9 points) Listen Peter Young was working for a small investment dealer and helped out a friend by purchasing some stock in his private company. Peter believed his friend's company was in trouble so he wanted to sell the shares quickly so he would not lose money. Peter sold the shares to another broker, Sam Walton at another dealer without revealing any of his suspicions. Sam made no enquiry as to the value of the company as he had dealt with Peter before and trusted him. Sam in turn sold the shares to two of his clients that were interested in buying into private companies that may get listed on the stock exchange one day. One of those clients, Gabe Maxwell, started looking into the company's operations and found that the company had sold most of its assets to keep it afloat and the company had no earnings from any operations - the shares were essentially worthless. (9 marks) a Can Gabe sue Peter and if so on what basis and what would be the likely outcome in court? b Can Gabe sue Sam and if so, on what basis and what would be the likely outcome in court? c. Can Sam sue Peter and on what basis and what would be the likely outcome in court? D Format BIU- 5-1080- 0 46 D- 79 F10 711 F12 PrSchenge Paur A Antsaet Spilasyo " S % ? & 2 3 4 6 F 7 8 9 3 0A W E R T Y U P 5 S D F G H h +