PrepTest 63, Section 2, Question 18
Principle: Even if an art auction house identifies the descriptions in its catalog as opinions, it is guilty of misrepresentation if such a description is a deliberate attempt to mislead bidders.
Principle: Even if an art auction house identifies the descriptions in its catalog as opinions, it is guilty of misrepresentation if such a description is a deliberate attempt to mislead bidders.
Application: Although Healy's, an art auction house, states that all descriptions in its catalog are opinions, Healy's was guilty of misrepresentation when its catalog described a vase as dating from the mid-eighteenth century when it was actually a modern reproduction.
Principle: Even if an art auction house identifies the descriptions in its catalog as opinions, it is guilty of misrepresentation if such a description is a deliberate attempt to mislead bidders.
Application: Although Healy's, an art auction house, states that all descriptions in its catalog are opinions, Healy's was guilty of misrepresentation when its catalog described a vase as dating from the mid-eighteenth century when it was actually a modern reproduction.
Principle: Even if an art auction house identifies the descriptions in its catalog as opinions, it is guilty of misrepresentation if such a description is a deliberate attempt to mislead bidders.
Which one of the following, if true, most justifies the above application of the principle?
An authentic work of art from the mid-eighteenth century will usually sell for at least ten times more than a modern reproduction of a similar work from that period.
Although pottery that is similar to the vase is currently extremely popular among art collectors, none of the collectors who are knowledgeable about such pottery were willing to bid on the vase.
The stated policy of Healy's is to describe works in its catalogs only in terms of their readily perceptible qualities and not to include any information about their age.
Some Healy's staff members believe that the auction house's catalog should not contain any descriptions that have not been certified to be true by independent experts.
Without consulting anyone with expertise in authenticating vases, Healy's described the vase as dating from the mid-eighteenth century merely in order to increase its auction price.
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