What is the flea market bookseller knew it was an original

Assignment Help Operation Management

Reference no: EM131873115

You need help with this business law discussion question pls

Imagine that you are at a flea market and you are looking through a table full of old books or every type. You discover what you believe to be a first edition of Mark Twains' Huckleberry Finn, although you are not certain.

The price on the book is $5.00 and you gladly pay it without question. Neither you nor the seller discuss the book in any way as you purchased the book. Afterwards, you have the book appraised by an expert antique book export, who informs you that the book is worth at least $10,000.00.

In this exchange, you have provided $5.00 in consideration for an item worth circa $10,000.00 when sold in the correct market. Could the flea market bookseller properly seek to have the sale set aside due to inadequate consideration?

What is the flea market bookseller knew it was an original, but had no idea of the true worth and thought that $5.00 was a reasonable price? Will the law consider the issue of adequacy of consideration in this instance?

Reference no: EM131873115

Questions Cloud

What is the expected capital gains yield and dividend yield : The next dividend payment by Dizzle, Inc., will be $3.05 per share. What is the dividend yield? What is the expected capital gains yield?

The breakdown of what each variable does for the problem : Apply the appropriate mathematical model to solve the problem. Describing the breakdown of what each variable does for the problem.

What is the implied forward rate : What is the implied forward rate? What if the value is different than this?

Apply the appropriate mathematical model : Apply the appropriate mathematical model to solve the problem. Describing the breakdown of what each variable does for the problem.

What is the flea market bookseller knew it was an original : What is the flea market bookseller knew it was an original, but had no idea of the true worth and thought that $5.00 was a reasonable price?

Discuss strategic alternatives and recommended strategy : Discussing in detail, strategic alternatives and recommended strategy, the implementation phase of the recommended strategy.

A business letter to mrs potanskis insurance company : A car driven by Mrs. Carla Potanski, a 68 year-old resident of Pleasant Heights, failed to come to a complete stop.

Research ethics and unconscious bias : Address this in the context of your hiring of a new member of a small project team with a specific technical skill set.

Write a program to compute the first hundred prime numbers : Write a program to compute the first 100 prime numbers and store these prime numbers in the flash program memory with each number stored in 16 bits.

User Account

All Pages