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Nellie sold a small hotel to George. During the contract negotiations preceding the sale, Nellie...

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Accounting

Nellie sold a small hotel to George. During the contract negotiations preceding the sale, Nellie told George that the hotel earned $2,000 a month. Following the sale, George learned that although this figure was accurate most of the income resulted from the operation of the hotel as a brothel. Does Nellie's statement about hotel income constitute misrepresentation? why or why not?

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