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Estate of Querbach v. A&B Appraisal Services
Estate of Querbach v. A & B Appraisal Serv., No. L-089362-85 (N.J. Sup. Ct. 1987).
In this case, which raises issues as to the standard of research and care that fine art appraisers must use when appraising a work of art, the Plaintiff, the Estate of Querbach (the “Estate”), relied on the defendant A & B Appraisal Service’s (“A & B”) appraisal of a painting in the Estate and sold it for its appraised value of $50. When the purchaser subsequently had it appraised at $14,800, the Estate brought suit against A & B in New Jersey Superior Court, alleging
The failure to exercise the standard of care that a reasonably prudent person would have exercised in a similar situation; any conduct that falls below the legal standard established to protect others against unreasonable risk of harm, except for conduct that is intentionally, wantonly, or willfully disregardful of others' rights (Black’s Law Dictionary (8th ed. 2004)).
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