Which is designed to be a business about nothing

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Assignment:

Kramer asks Jerry to invest in Kramer's new company 'Kramerico Enterprises," which is designed to be a 'business about nothing.' Jerry agrees to invest $100,000 in exchange for a 10% stake in the venture. After 3 months of business, Kramerico folds, having made no money. Jerry wants to rescind the contract and get his money back. He claims that he made a mistake in assuming that the company would do well. What is Kramer's best response? Explain.

Reference no: EM133638399

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