Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Murray is afourth-generationantique collector. His family immigrated to the Americas during the Irish Potato Famine and put aside every penny earned towards finding and buying

Murray is afourth-generationantique collector. His family immigrated to the Americas during the Irish Potato Famine and put aside every penny earned towards finding and buying Celtic collectables. Murray was on a trip to Cape Breton last summer when he wandered into an antique store and saw a rare Celtic stein on the shelf next to a bunch of other less notable ceramic wares. The only person in the store was a teenage summerclerk who looked like he would prefer to be hiking the Cabot Trail that sunny Wednesday afternoon. Murray picked up the stein and examined it, barely able to contain his excitement at the find. The clerk looked up lazily at Murray and said "five dollars" and promptly went back to his magazine. Murray's hand was shaky as he paid the clerk and hurried out of the store. A few weeks later, Murray put the stein on an online auction site and sold it to collector in Colorado for $3.3 million.

Do we have enough evidence in the case to assume that the clerk was an agent? Assuming we have, could the store owner protest that the contract was an Unconscionable Transaction? Why not?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Practical Approach

Authors: Robyn Moroney

1st Canadian Edition

978-1118472972, 1118472977, 978-1742165943

Students also viewed these Law questions