Barbara, an antique dealer, intentionally represents the value of an antique chest of drawers, as $6,000 when she has reason to know the value is considerably less.Margaret agrees to buy it for $5,500.It is worth $2,500.In a state that uses the "benefit-of-the-bargain" rule, Margaret's damage award would be:

Question

Quizplus · Accepted Answer

Under the "benefit-of-the-bargain" rule, damages are calculated based on the difference between the value as represented ($6,000) and the actual value ($2,500), which is $3,500.

Barbara, an Antique Dealer, Intentionally Represents the Value of an Antique