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Advise Marc if he will be able to get out and recover monies 10:03 AM Mon 19 Apr 9 (9 L O 84% - (c)

Advise Marc if he will be able to get out and recover monies

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10:03 AM Mon 19 Apr 9 (9 L O 84% - (c) Assume that Marc successfully completes the purchase of the land with Mr Chua. He commences planning for the building and design of the condominium. With the design in mind, he starts sourcing for unique art pieces to be displayed in the common areas of the condominium. As the condominium is being marketed as a home for those \"with a taste for the ne things in life\10:03 AM Mon 19 Apr 2 . @ 1 84% + Question 2 (continued) Joe: Trust me, I have been in this trade for the longest time! You can totally rely on me. Marc then entered into a contract immediately for the purchase of the ten art pieces and paid Joe for the same. The contract contains comprehensive terms of the sale but however does not specify that the paintings are by Porcini. Marc then brought the art pieces back to his home in the meantime. As he reached home, he met his neighbour, Karl who was an art curator. Marc showed Karl the art pieces excitedly and after inspecting them, Karl looked very puzzled. When questioned by Marc further, Karl told Marc that the art pieces that Marc bought did not seem to be known in the art circles to be part of Porcini's works. Marc was horrified and decided to verify the matter further with other art experts. It was confirmed that the art pieces were not Porcini's works but another artist, Puccini's works. It turned out that Joe did not check the description documents that came with the art pieces and merely glanced through the same very quickly, misreading Puccini as Porcini. Marc wants to get out of the contract and recover the monies paid by him. Required: 5 Advise Marc if he is able to get out of the contract signed with Joe and recover the monies V paid. W + (20 marks)

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