What did Mr Ellis inform Mr F about Ms Black's financial situation?

The correct answer highlights that Mr. Ellis informed Mr. F that Ms. Black owned assets valued at around $2 million. This indicates that, contrary to any assumptions about her financial distress, she possesses considerable wealth. Understanding the nature of this asset ownership is essential in the context of consumer transactions and any commitments they may be negotiating.

While the other choices imply negative aspects of her financial status, such as being in financial trouble or bankrupt, the reality of having substantial assets suggests that Ms. Black may not be as vulnerable as those circumstances would indicate. Moreover, stating she had no assets contradicts the information provided; possessing $2 million in assets illustrates a strong financial position. Knowing Ms. Black's asset situation is vital, especially if Mr. F is making decisions based on impressions of her financial stability. Thus, acknowledging the true nature of Ms. Black's financial situation is crucial in understanding the full context of their dealings.