Answered step by step
Verified Expert Solution
Question
1 Approved Answer
ASSIGNMENT 2 - PROBLEM-BASED QUESTION Maude is 85. Her husband, who was a coin collector, has recently died. Shortly after his death Bernie, a fellow
ASSIGNMENT 2 - PROBLEM-BASED QUESTION Maude is 85. Her husband, who was a coin collector, has recently died. Shortly after his death Bernie, a fellow coin collector, visits Maude, bringing flowers and offering to buy her husband's coin collection for $10,000. He stresses that he could give her the money immediately, and if she doesn't sell today the sale will have to wait several months, as he is going overseas. Maude is overcome with grief and is worried about how she is going to pay for the funeral and for the caravan they have just paid a deposit on. She has no idea of the value of her husband's coin collection, but $10,000 sounds like a lot of money, so she accepts. She then discovers that the collection includes a 1930 penny worth between $250,000 and $300,000. Bernie was aware that this coin is in the collection. He was also aware of Maude's' financial worries. Advise Maude. REQUIRED . Was Bernie involved in unconscionable conduct. (15 marks)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started