8 Refer to Tutorial 7 (Week 9), Question 1: Annabel finds an old guitar that belonged to her late father. She shows it to her friend, who says, 'that's an old Gibson ES-175'. It is, in fact, a Gibson ES-150. In external appearances the two models are similar, but the ES-150 is an older model and is less valuable than the ES-175. The ES-175 is worth $5000, and the ES-150 is worth $2500. Bob, who is also a novice collector of vintage guitars, comes to inspect the guitar, and exclaims: 'Wow, I'd love to have an ES-175; I'll give you $4000 for it.' Annabel, who has no idea about guitars, nor about their relative values, replies: 'If you say so, but I'll require cash. Bob, who bears a striking resemblance to a well-known reality TV star, says: 'I am a bit short of cash today, but don't you realise who I am?' Annabel replies: 'Of course I recognise you. As it is you, you can take the guitar so long as you pay me promptly.' Once he gets the guitar home Bob quickly realises that it is an ES-150. He then takes sells the guitar to a second-hand store, Mugg & Co. Advise Annabel, who is yet to receive any payment from Bob, as to whether she can recover the guitar from Mugg & Co. Can Annabel recover the guitar from Mugg & Co? Yes No