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It's also worth pointing out that even the hyperlegalistic Dwarves would have been forced to admit that Thorin's post-contractual (and post-possessory) parol claim to the Arkenstone could not be taken as a valid reformation of or amendment to the signed contract executed at Bag-End, under which Bilbo was entitled to 1/14 of the (net) whole without specificity, nor did the contract direct that Thorin or any other particular person had exclusive authority to allocate that share, nor preclude Bilbo making his own selection from the Hoard.
Besides, from the moment Bard showed up at the gate Thorin was behaving like an ***.
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The entire plot of The Lord of the Rings could be said to turn on what Sauron didn’t know, and when he didn’t know it.
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