Legal Question in Business Law in Texas

James has inherited his late brother�s house and decided to advertise some of the contents for sale. The items included an old vase that James thought was virtually worthless. He sold it for �5 to Susan, who knew that it was a Chinese antique vase and quite valuable. Susan then sold it to Robert for �500. Robert took the vase to an expert and was astonished to discover that it was an extremely rare example and worth at least �50,000. Susan and James have found out about this and would like to have their respective contracts set aside so that they can recover possession of the vase. Advise Susan and James whether either of them is likely to be successful.


Asked on 12/18/12, 8:09 am

1 Answer from Attorneys

Joseph A. McDermott, III Attorney at Law

Do your own law school exams, and enroll in an extra ethics course. Looks like the first one did not take.

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Answered on 12/19/12, 5:15 am


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