Charles and Monte Must Make a Fair Division of a Cabin

question 99

Multiple Choice

Charles and Monte must make a fair division of a cabin. They use the Knaster inheritance procedure. Charles bids $65,000 for the value of the cabin and Monte bids $57,000. What is the outcome of the fair division?

• A) Charles gets the cabin and pays Monte $30,500.
• B) Charles gets the cabin and pays Monte $4000.
• C) Charles gets the cabin and pays Monte $57,000.
• D) Charles gets the cabin and pays Monte $34,500.

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Definitions:

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