Harry said to Marge, "I have a ring once owned by Marilyn Monroe. Would you like to buy it for $500?" Marge pays for the ring, but the next day a friend tells her that Harry had recently purchased the ring at a local store. Marge enjoys wearing the ring and wears it constantly for twelve months. Finally, she goes to Harry and says, "Here is the ring you lied about. Give me my $500." Most likely Marge will:
A) get her money back since Harry's statement was fraudulent.
B) not get her money back since she should have investigated the facts about the ring more carefully.
C) not get her money back since she is a good faith purchaser of merchandise.
D) not get her money back since she has affirmed the contract by taking an unduly long time to disaffirm.

Question

Quizplus · Accepted Answer

Marge is unlikely to get her money back because she affirmed the contract by keeping and using the ring for an extended period (twelve months) before attempting to rescind the deal based on Harry's misrepresentation.

Harry Said to Marge, "I Have a Ring Once Owned