William had decided for some time that he wanted to purchase a restaurant. After looking at several different areas, he settled on Mooloolaba in Queensland as offering him both the potential for a successful restaurant and the lifestyle he was seeking. He rang a number of commercial real estate agents, inquiring whether they had any restaurants listed for sale. He finally found one he liked in Mooloolaba listed with a real estate agent called Jules. Jules told William that once he got this restaurant going, it would be a cash-cow. William sought an accountant's advice and then proceeded to buy the restaurant. Within six months of buying the restaurant, William was broke because there were neither the tourist numbers nor the local population to sustain a steady income stream.

Required: Advise William on whether he can sue the real estate agent for his statements about the restaurant and whether you think he can succeed.