32. Becky is a sculptor, and she has created a new sculpture that she has called The Last Reunion. Most of Beckys sculptures sell for a lot of money, because she is very well-known in the art world, and she has had several of her sculptures on display at major museums like the Museum of Modern Art (MOMA) in New York. Becky took her sculpture to the New Seattle Art Gallery in Pioneer Square, for them to evaluate as a possible piece of art for their next show. The New Seattle Art Gallery accepted the sculpture, to sell for Becky for a 15% sales commission, with a proposed sales price of $30,000. Unfortunately, one of the New Seattle Art Gallery employees knocked the sculpture over and it shattered. When Becky demanded that the NSAG pay for the full value of the sculpture, NSAG denied liability.

a.	the NSAG is not liable only the employee has any liability.
b.	the NSAG is liable based on the doctrine of criminal negligence.
c.	the NSAG is liable based on the doctrine of bailment.

33. Byron bought out the entire inventory of 1,000 Sony LCD Television sets from the local K-Mart store that was being closed, for $150 each. Byron hires Lorenzo as his agent, and give him authority to negotiate and sign a sales contract with Costco Corporation for the sale of these Sony TV sets for the highest amount possible, hopefully for about $300 per set. Lorenzo is to get 5% commission on the sale. The Costco buyer makes this offer to Lorenzo: We will pay you (Lorenzo) a $10,000 under-the-table bonus if you let us buy the entire inventory of Sony TVs for $250 each. What obligation does Lorenzo have to Byron? a. Lorenzo has an obligation to share the information on the entire offer (including the $10,000 bonus) to his principal Byron. b. Lorenzo has an obligation just to share the information on Costcos offer to buy the TVs for $250, and does not have to reveal the bonus that was offered to him. c. Lorenzo does not have any obligations to Byron he can just sign an acceptance of Costcos offer of $250 per unit on behalf of Byron, and take the bonus without telling Byron.

34. Marvin and Marietta are brother and sister. They also have an older brother, Roberto, who lives in Italy. Mom sets up a $50,000 bank account with Mom, Marvin, and Marietta all as Joint Tenants With Right of Survivorship. When Mom dies, she does not leave a Will. Who now owns the $50,000?

a. Roberto, because he is the elder brother. b. Roberto, Marvin, and Marietta each own 1/3 of the account.

c. Marvin and Marietta each own of the account.

35. An offer can be revoked by the maker of the offer:

A) anytime.

B) anytime, prior to acceptance of the offer by the offeree.

C) only during the first 24 hours after the offer has been made.