I believe that I own a very valuable vase. I tell this to you and state that I will sell it to you for $800. I sell the vase to you, and you later find out that the vase is worth only $200. A fraud:a. has occurred. b. ordinarily has not occurred. c. always can be based upon a statement of opinion or value. d. none of the above

Question

Justus Mcfarland

Social Studies

4 January, 02:07

I believe that I own a very valuable vase. I tell this to you and state that I will sell it to you for $800. I sell the vase to you, and you later find out that the vase is worth only $200. A fraud:a. has occurred. b. ordinarily has not occurred. c. always can be based upon a statement of opinion or value. d. none of the above

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Answers (1)

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Marin Cunningham · Answer 1

b. ordinarily has not occurred

Explanation:

A fraud has not occurred because the seller valued it based on his experience to be worth $800. He did not falsely claim it was $800, it was just a personal valuation. A fraud would have occurred if the seller gave an intentional false valuation just to get a higher price but that is not the case in this situation.