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

question 68

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 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 statement was fraudulent.
• B) not get her money back since she should have investigated the facts about the ring more carefully.
• C) not 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:

Unsympathetic Attitude

A lack of compassion or understanding towards others' situations or feelings, often resulting in a disconnect or negative interactions.

Strength

The quality or state of being physically strong or the capacity of an object or substance to withstand great force or pressure.

Maslow's Hierarchy

A psychological theory proposing a five-tier model of human needs, arranged in a hierarchy, that people are motivated to fulfill starting from basic needs to self-actualization.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.