2. Michael buys a motorboat in poor condition from Terry for $500. Unknown to Michael, the boat was stolen by a thief who had sold it to Terry six months earlier. Michael fixes the engine and restores the boat to excellent seaworthy condition by spending $50 in parts and materials and 100 hours of his time. By the time he finishes the restoration, the boat is worth $5,000. On the first day that he puts the boat in the water, its true owner appears and claims it. Michael claims that the boat rightfully belongs to him, since he was a goodfaith purchaser of it and paid its fair market price. The case ends up in small claims court and you are the judge. Decide this case and justify your decision with sound legal reasoning.