You buy a pair of very used skis for $25 from a store in Steamboat Springs.You learn later that Billy Kidd,a famous skier,owned the skis years ago.The store demands that you return them because it did not know that they once belonged to Billy Kidd.Which is true?

Question

Quizplus · Accepted Answer

The store cannot force you to return the skis as ownership of the skis were transferred to you when you made the purchase. The store's lack of knowledge about the previous owner does not entitle them to demand the return of the skis. The principle of caveat emptor (buyer beware) applies in this scenario.

You Buy a Pair of Very Used Skis for $25