Professor Smith Has Placed an Ad in the School Newspaper

question 8

Multiple Choice

Professor Smith has placed an ad in the school newspaper advertising a laptop computer for sale.Jasmine is in Professor Smith's economics class and approaches Smith during office hours and purchases the computer.Professor Smith has been at the school for over 10 years and is popular with students and faculty.The price Jasmine pays is just a bit below the fair market value of the computer.Six months later,the police come to Jasmine's home and inform her that the computer was stolen.

• A) Jasmine may keep the computer because she bought it in good faith and had no reason to believe that it had been stolen.
• B) Jasmine may keep the computer if the state statute regarding ownership by possession of personal property had run.
• C) Jasmine will lose the computer because she had a duty to verify that Professor Smith was the rightful owner of the computer.
• D) Jasmine will lose the computer because she cannot obtain good title to stolen goods.

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Definitions:

Peer Effects

The influence that individuals exert on one another's behavior, choices, or performance in a social or work setting, often within similar age or professional groups.

Glee Club

A group of singers, often from a school or community, who perform together in unison or harmony.

Karaoke Bars

Entertainment venues where individuals sing along to songs using a microphone and a public address system, often featuring instrumental accompaniments.

Positive Statement

An objective statement based on empirical facts, which can be tested as true or false.