Katarzyna contractually agreed to sell a painting to Trent.She promised to deliver it on June 1 and he promised to pay $10 000 on the same day.On May 15,Katarzyna discovered that the painting is really worth $25 000.She therefore has told Trent that she does not intend to fulfill the contract.Which of the following statements is TRUE?
A) Since specific performance is an equitable remedy,Trent is entitled to receive the painting only if he agrees to pay $25 000 to Katarzyna.
B) Trent is not entitled to an order for specific performance because a court will not force Katarzyna to act in any particular way.
C) If specific performance is not available,Trent will probably be entitled to receive $25 000 from Katarzyna.
D) A court will probably give Trent specific performance and reliance damages.
E) Trent probably is not entitled to specific performance if Katarzyna is under the age of majority.
Correct Answer:
Verified
Q24: Armand contractually agreed to sell a widget
Q30: Mayo committed a breach of contract against
Q31: The concept of remoteness
A)allows recovery for losses
Q32: Woody entered into a contract with Jezebel.She
Q33: Brianna contractually agreed to sell a widget
Q34: Widgets are manufactured by very few companies
Q37: Alexi agreed to sell a particular type
Q39: On June 1,Lauto Inc contractually agreed to
Q40: As a general rule,punitive damages will not
Q41: Silvio agreed to perform as a pianist
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents