BMGT 380-Reed is interested in starting a collection of valuable

BMGT 380-Reed is interested in starting a collection of valuable

Question # 00595937 Posted By: rey_writer Updated on: 09/27/2017 09:40 AM Due on: 09/27/2017
Subject Law Topic Business Law Tutorials:
Question
Dot Image

FACTS: Reed is interested in starting a collection of valuable first-edition books. Reed met with Martina, an expert in rare books and consultant to collectors of rare and first-edition books. Martina told Reed that she had recently acquired a very rare, first-edition book worth $3500. Martina stated she would sell the book to Reed for $3500 to start his collection. Neither Martina nor Reed knew the book was a newly printed fake worth only $50. Reed trusted Martina and bought the book from her for $3500.

Within days after the purchase, Reed took the book to an antiques appraiser and learned the book was a fake. He informed Martina who was shocked to learn the book was a fake.

A. What options does Reed have, if any, regarding the contract with Martina for the purchase of the fake book?

B. What options does Martina have, if any, regarding the contract with Reed for the purchase of the fake book?

Label answer parts.


References

http://www.saylor.org/site/textbooks/Advanced%20Business%20Law%20and%20the%20Legal%20Environment.pdf

https://www.youtube.com/watch?v=_KHIWhwj5as

Dot Image
Report this Question as Inappropriate
Tutorials for this Question
  1. rey_writer
    Tutorial # 00594226 Posted By: rey_writer Posted on: 09/27/2017 09:40 AM
    Puchased By: 3
    Tutorial Preview
    The solution of BMGT 380-Reed is interested in starting a collection of valuable...
      Get the Solution
    Attachments
    Documentnnkk1.docx (12.26 KB)
    Recent Feedback
    Rated By Feedback Comments Rated On
    ja...ider Rating Delivery before the deadline 12/14/2017
  Get the Solution

Great! We have found the solution of this question!

Related Questions and Answers

Whatsapp Lisa