Distant relative of the famous painter graham hines

Assignment Help Operation Management

Reference no: EM131043125

In California Barry signs a contract to purchase from Sally (a distant relative of the famous painter Graham Hines) a signed lithograph print by Hines marked "no. one out of ten." The sales price is $10,000. No other prints in the same series have turned up on the market since 1945. A quite different Hines print was sold at auction, not private sale, in 1995 for $6,000.

Sally receives an offer of $15,000 from Tom for the same print and refuses to deliver to Barry, reselling the print instead to Tom for the $15,000. Barry sues Sally, demanding specific performance (delivery of the print) and claiming punitive damages. He introduces oral evidence indicating that Sally did not intend to sell to Barry, but entered into the agreement with him to induce a higher price from Tom. Should Barry be entitled to specific performance? Should he be entitled to punitive damages? Why or why not?

Reference no: EM131043125

Questions Cloud

Explain why it was a difficult or challenging problem : Describe the situation and then explain why it was a difficult or challenging problem.

Experiencing high demand for automobile repainting service : The Newcoat Painting Company has for some time been experiencing high demand for its automobile repainting service. Management believes that each lost customer costs $20 in profit. Current demand is estimated to be 21 cars per day with exponential in..

In case representing pairs as procedures : In case representing pairs as procedures wasn't mind-boggling enough, consider that, in a language that can manipulate procedures, we can get by without numbers (at least insofar as nonnegative integers are concerned) by implementing 0 and the..

Employee receives a reward for performance : According to equity theory, after an employee receives a reward for performance, what is the next step the employee takes in the motivation process?

Distant relative of the famous painter graham hines : In California Barry signs a contract to purchase from Sally (a distant relative of the famous painter Graham Hines) a signed lithograph print by Hines marked "no. one out of ten." The sales price is $10,000. No other prints in the same series have tu..

Evaluate potential grand strategies for the organization : Recommend a strategy or combination of strategies the organization should implement, and include a rationale for that recommendation.

Create a map and store the names with associated student id : Display the values from the priority queue using the peek() method. Describe your observation of change to the list of names in the report file.

Focus on jobs as a transformational leader : Select one transformational attribute of Steve Jobs that positively affected the leader’s organization. How did Steve Jobs illustrate this attribute? focus on Jobs as a transformational leader!

Chinese online auctions market : Discuss the rationale behind Ma establishing Taobao.com. What are the factors that led to Taobao's success as compared to eBay in the Chinese online auctions market?

User Account

All Pages