These questions need to be answered in this format:
A. What is the legal issue presented by these facts?
B. What is the applicable rule of law?
C. What is the likely outcome and why?
1. On February 2, Phillips induced Miller to purchase fifty shares of stock in XYZ Corporation
for $10,000, representing that the actual book value of each share was $200. A certificate for fifty shares was delivered to Miller. On February 16, Miller discovered that the book value on February 2 was only $50 per share. Thereafter, Miller sues Phillips
2. Alan purchased shoes from Barbara on open account. Barbara sent Alan a bill for $10,000. Alan wrote back that 200 pairs of the shoes were defective and offered to pay $6,000. Barbara accepted the offer, and Alan sent his check for $6,000 in accordance with the agreement. Barbara cashed the check and one month later sued Alan for $4,000