Harry Said to Marge,"I Have a Ring Once Owned by Marilyn

question 36

Multiple Choice

Harry said to Marge,"I have a ring once owned by Marilyn Monroe.Would you like to buy it for $500?" Marge pays for the ring,but the next day a friend tells her that Harry had recently purchased the ring at a local department store.Marge enjoys wearing the ring and wears it constantly for twelve months.Finally,she goes to Harry and says,"Here is the ring you lied about.Give me my $500." Most likely Marge will:

• A) get her money back since Harry's representation was fraudulent.
• B) not get her money back since she should have investigated the facts about the ring more carefully.
• C) get her money back since she is a good faith purchaser of merchandise.
• D) not get her money back since she has affirmed the contract by taking an unduly long time to disaffirm.

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Definitions:

Mental Activity

The cognitive processes of the mind, including thinking, reasoning, and understanding.

Everyday Thinking

Involves the ordinary, routine processes of reasoning, problem-solving, and decision-making that people engage in daily.

Scientific Research

The systematic investigation into and study of materials and sources in order to establish facts and reach new conclusions through empirical or measurable evidence.

Personal Example

An individual instance or case that illustrates a particular situation, behavior, or principle based on one's own experience.