Question

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

Answer 1

b.ordinarily has not occurred

Step-by-step 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.