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On february 2, phillips induced mallor to purchase from her fifty shares of stock in the xyz corporation for $10,000, representing that the actual book value of each share was $200. a certificate for fifty shares was delivered to mallor. on february 16, mallor discovered that the february 2 book value was only $50 per share. thereafter, mallor sues phillips. will mallor be successful in a lawsuit against phillips? why?
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