Essay
Assume that someone who has just inherited some artwork wants to sell some of it so he can use the money to buy drugs.He goes to an art dealer and asks the art dealer how much the art is worth.The art dealer can tell that the seller is desperate to sell the artwork,and tells the seller that the art is worth much less than its actual value.Based on this,the dealer negotiates a price and buys the artwork for much less than the seller could have received elsewhere.Were the actions of the dealer ethical in this situation? Can the seller rescind the contract? Should the seller be able to rescind the contract?
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