Logic Breakdown

Passage Summary: Sharon found a $1,000 vase at a thrift store for $10. She knew it was a steal, kept her mouth shut, and bought it. The owner found out later and got angry, but Sharon claims she's innocent of any wrongdoing.

Conclusion: Sharon did nothing wrong by purchasing a valuable vase for a very low price without informing the seller of its true worth.

Reasoning: Sharon, an expert collector, identified a $1,000 item priced at $10 and completed the transaction without disclosing her specialized knowledge to the shopkeeper.

Analysis: We need a principle that bridges the gap between 'Sharon stayed silent about the value' and 'Sharon did nothing wrong.' The most effective principle will likely state that a buyer has no ethical obligation to inform a seller about the value of the goods being sold. It's a classic case of information asymmetry in a marketplace. Look for an answer that protects the buyer's right to profit from their own expertise or one that places the burden of valuation solely on the seller. Sharon is essentially arguing that she isn't her brother's (or the shopkeeper's) keeper.

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17.

Which one of the following principles, if established, most helps to justify Sharon's position?

Correct Answer
C
C directly says a buyer’s sole obligation is to pay the seller’s demanded price. Sharon did exactly that, so under this principle, her conduct is justified.
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