Discuss what is the argument for renaud galleries

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Hyacinth was sent to a Sotheby's auction to bid on a Marc Chagall Lithograph for her employer, Renaud Galleries. Hyacinth purchased a Marc Chagall Lithograph for $18,000. Unfortunately, there were several lithographs for sale, and she did not purchase the one her employer wanted. Renaud Galleries refused to pay, and Sotheby's filed suit. ? ? What is the argument for Sotheby's?What is the argument for Renaud Galleries?Is Renaud Galleries liable for the act of its agent?

Reference no: EM131626797

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