Which is a reasonable value under the circumstance


Ann Boleyn gave her sister Mary gold coins worth $7,000, a diamond necklace, some gowns, and deeded to her a cottage to spend her summers. Ann wrote a note to Mary informing her that the gold coins and check were to be used to maintain the upkeep of the cottage and that it was a loan. She also informed her that the necklace and gowns were gifts. She packaged everything in a box and sent the coins, deed, gowns, and necklace via Aragon Common Carrier Express. Ann declared the value of the box at $20,000 on the pick-up receipt she received from Catherine, the driver for Common Carrier Express. The receipt also stated: “Unless a greater value is declared in writing on this receipt, the shipper hereby declares and agrees that the released value of each box covered by this receipt is $15,000, which is a reasonable value under the circumstance surrounding the transportation. Mary never received the box and Ann sued Aragon Common Carrier Express. What is the outcome?

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