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ohiosr ohiosr
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7 years ago
Billy goes to  a yard sale and looks for old car stereos. He finds a system that he has been looking for. Billy believes it is worth a lot more money than the $25 the owner is asking for. Billy asks the owner whether or not the system is in good working condition. The owner tells him that he knows nothing about the quality of the tuner and speakers and is not prepared to comment further. Billy purchases the system for $25. Later he finds out that the system is stolen and did not belong to the owner at the time he purchased it. Billy’s action for recovery of his money against the owner will
a. fail because of the caveat emptor principle.
b. fail because the owner would not comment on the quality of the system.
c. succeed because the actual owner  told Billy he would pay him a reward.
d. succeed because the owner breached an implied term as to title.
e. fail because Billy only learned of the problem after both parties performed their obligations under the agreement of purchase and sale.
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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AlexStanfordAlexStanford
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7 years ago
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