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Metal & Wood Restoration Ethics Flashcards

7 cards from real CFA practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Metal & Wood Restoration Ethics flashcards as text
  1. A firearm appraiser is offered a bonus by a consignment dealer if the appraiser recommends full re-finishing on all firearms to increase sale price. The ethical problem with this arrangement is:

    Answer: The financial incentive compromises the appraiser's impartiality and creates a conflict of interest

    Accepting incentives that influence restoration recommendations violates professional independence and ethical standards.

  2. When a wood stock shows both original oil finish and a later lacquer overcoat, the ethical approach when documenting for appraisal is to:

    Answer: Identify and disclose both layers, noting the overcoat as a post-original alteration

    Disclosing all finish layers and alterations ensures an accurate and honest appraisal report.

  3. An appraiser is restoring metal parts on a documented military-issue rifle. Using modern stainless steel replacement screws instead of period-correct carbon steel screws would be ethically problematic because:

    Answer: It introduces anachronistic materials that compromise historical authenticity and could mislead future appraisers

    Using historically inaccurate materials compromises authenticity and may constitute misrepresentation in future transactions.

  4. Which documentation standard best protects an appraiser ethically when returning a firearm after metal conservation work?

    Answer: A written condition report with before-and-after photographs, materials used, and client signature

    Comprehensive written documentation with client acknowledgment protects both parties and upholds professional standards.

  5. A client asks an appraiser to apply a 'fake aged patina' to a recently manufactured reproduction to make it appear antique. The appraiser should:

    Answer: Refuse, as creating artificial aging to deceive buyers constitutes fraud

    Artificially aging a reproduction to pass as an antique is fraudulent misrepresentation regardless of the materials used.

  6. During wood stock restoration, an appraiser discovers a hidden cartouche stamped under a previous refinish. The ethical obligation is to:

    Answer: Preserve the cartouche, document it thoroughly, and inform the client of its historical significance

    Hidden historical markings are significant provenance evidence and must be preserved and disclosed.

  7. An appraiser completes metal polish work on a double-barrel shotgun and accidentally removes an engraver's signature during the process. The ethical course of action is to:

    Answer: Immediately disclose the accidental removal to the client and reflect the loss in the appraisal value

    Prompt disclosure of accidental damage and its value impact is required by professional ethics standards.