SHORES, Justice.
Mohan Nair, as agent or employee of M-R Laboratories Research & Development, Inc. (hereinafter "M-R Labs"), came to Dothan and sought to sell Kirit K. Joshi securities in M-R Labs. In November 1988, M-R Labs was a business allegedly operating in New Jersey for the purpose of importing and distributing latex examination gloves. In the business proposal attached to Nair's offer to sell securities, Nair said that M-R Labs had agreements "written...
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