Ernie contracts to buy securities from Freda. Later, believing that Freda committed fraud in the deal, Ernie files a suit against her. If Freda is found liable, Ernie may obtain

A. an apology only.
B. damages to the extent of Freda's illegal profits only.
C. damages to the extent of Freda's illegal profits or rescission of Ernie's contract to buy securities from Freda.
D. rescission of Ernie's contract to buy securities from Freda only.


Answer: C

Business

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