Question
Alice Corizone offers to pay $2500 to purchase a unique sculpture titled Untitled from Sarah Shelly, a sculptor whose work has been causing a stir
Alice Corizone offers to pay $2500 to purchase a unique sculpture titled "Untitled" from Sarah Shelly, a sculptor whose work has been causing a stir in the art world. Sarah accepts Alice's offer. Assuming that the contract has met all of the requirements for a valid contract, answer the following questions. (a) Alice is a minor when she purchases the sculpture. Is the contract void? Is the contract voidable? What is the difference between these two conditions? (b) Alice decides she would rather keep the $2500 than have the sculpture. She informs Sarah that she is disaffirming the contract and asks Sarah to return the money to her. When Sarah refuses to do so, Alice brings a court action to recover the $2500. What will the court likely decide? Why? (c) Both parties are adults, and the contract, which is in writing, states that Alice will pay Sarah the $2500 the following day. Sarah allowed Alice to take the painting home with her. The next day, Alice's son returns the sculpture to Sarah, stating that he is cancelling the contract. He explains that his mother has been behaving strangely lately, that she seems to be mentally incompetent at times, and that she clearly was not acting rationally when she bought the sculpture, which she could not afford. Is the contract enforceable? EXPLAIN.
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