In the Case in the Text Where Someone Purchased a Used

question 63

Multiple Choice

In the case in the text where someone purchased a used safe at an auction for $50,but was later found by the buyers to contain more than $30,000 in cash,how did the court rule?

• A)There was no contract because the buyer was unjustly enriched.
• B)There was no contract because the act of opening the safe was not completed before the buyers took the safe.
• C)This was an implied-in-fact contract and the buyers were required to pay the fair value for the safe and its contents.
• D)There was objective intent that the parties intended that the safe,and whatever might be in it,be sold for a price of $50.

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Definitions:

Claim Receipt

A document provided by an insurance company or other entity acknowledging that they have received a claim.

Valet

A service employee who parks cars for guests at venues, hotels, or restaurants.

Rebuttable Presumption

A legal assumption made by a court that is taken as true unless someone comes forward to contest it and prove otherwise.

Bailee

A person or entity temporarily holding property on behalf of another, under a bailment agreement, wherein the bailee is responsible for the safeguarding of the property.