Nevada to construct water park in las vegas

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Reference no: EM133614100

Question

Merdoch, Rupert, Keith, and Harry collectively borrowed money from the Royale Bank of Nevada to construct a water park in Las Vegas. Unfortunately, due to a massive drought, the project was losing money. Still hopeful, Harry convinced his friend Phil Cardello to invest. Without knowing the poor finances of the business, Cardello mortgaged his house. After losing everything, he sues all four partners for fraud. Who, if anyone, is liable to Cardello?

Reference no: EM133614100

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Nevada to construct water park in las vegas : Merdoch, Rupert, Keith, and Harry collectively borrowed money from the Royale Bank of Nevada to construct a water park in Las Vegas.

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