Case Problem:
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?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.