Use the Following Information to Answer the Questions
at the End

question 19

Multiple Choice

Use the following information to answer the Questions
At the end of the lease on their apartment, Abe and Bonnie decide to rent separate places and so must make a fair division of the property they purchased together. The items to be divided and the point values each person places on them are given below. $$\begin{array} { l l l } \text { Item } & \text { Abe's points } & \text { Bonnie's point } \\\text { Plant } & 10 & 10 \\\text { Bookcase } & 40 & 30 \\\text { Quilt } & 25 & 20 \\\text { Picture } & 25 & 40\end{array}$$
-If Abe and Bonnie use the adjusted winner procedure to divide the property, what will Bonnie end with?

• A) plant, picture, and 1/3 quilt
• B) picture only
• C) plant and picture only
• D) plant, quilt, and 1/3 picture

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Definitions:

Good-faith Purchaser

An individual who buys property without knowledge of any existing claims or faults of the property, thereby gaining full legal rights.

Fair Market Value

The price at which an asset would trade in a competitive auction setting, reflecting its true economic worth.

Voidable

A legal status referring to a transaction or contract that may be rescinded or nullified at the discretion of one party due to certain defects or circumstances.

Stolen Merchandise

Goods that have been taken without permission or acquired illegally, often sold through unauthorized channels.