Ask Question
10 June, 09:50

Benny bought shares in Big Chip Maker (BCM) when the shares were trading for $37 a share. For the past 9 years BCM shares have not traded above $21. Can Benny rescind his purchase based on failure of consideration?

a. Yes, he clearly gave more value than he received. b. Yes, he suffered an economic detrimentc. Yes, there is a difference in value sufficient to trigger the adequacy of consideration rule. d. No, unless he was induced into buying the shares through fraud or other wrongdoing.

+4
Answers (1)
  1. 10 June, 09:53
    0
    A

    Explanation:

    Yes, He clearly gave more value that what he received.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Benny bought shares in Big Chip Maker (BCM) when the shares were trading for $37 a share. For the past 9 years BCM shares have not traded ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers