Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Daniel's house is for sale. In his living room are two valuable original paintings by a well-known Artist, one of the California coastlines and the

Daniel's house is for sale. In his living room are two valuable original paintings by a well-known Artist, one of the California coastlines and the other of a field of Golden State wildflowers. Daniel recently refused an offer from Museum to purchase the paintings for $10,000 each.

Pam went to Daniel's house hoping to buy the house before she left on a business trip. As Pam, Daniel and his real estate broker, Bill, inspected the house, Pam noticed the paintings in the living room, commenting that they were beautiful and seemed designed to fit in the house. Pam then offered $400,000 for the house and another $50,000 if the sale included the two paintings. Daniel agreed and asked Bill to draft a contract for the sale of the house and the two paintings for $450,000. Bill promised to have the contract ready before Pam left town the next day.

Bill drafted a written contract, which Daniel signed even though he noticed that Bill had mistakenly omitted from the sale the painting of the California coastline.

Daniel met Pam at the train station, as her train was about to depart. Daniel gave the contract to Pam, telling her, "This is what we agreed to, and I've already signed it." Pam's train started to move, so she quickly signed the contract without reading it and jumped on board the train.

When Pam returned from her trip, she was horrified to find that the California coastline painting was not in the house. She immediately telephoned Daniel to ask about the painting, but he told her, "That's what the contract we signed provides," and hung up.

Six months after Pam moved into the house, she noticed in a local newspaper advertisement that Daniel was offering to sell the painting of the California coastline to the highest bidder at an auction two weeks later.

Questions; Write in Essay format

  1. Is there a contract between Daniel and Pam? If so what are the elements of that contract? If not why not?
  2. What remedy or remedies can Pam reasonably obtain against Daniel? Discuss.
  3. What defense or defenses can Daniel reasonably raise? Discuss.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Researching The Law Finding What You Need When You Need It

Authors: Amy E. Sloan

3rd Edition

1543813364, 978-1543813364

More Books

Students also viewed these Law questions

Question

How does selection differ from recruitment ?

Answered: 1 week ago

Question

1. What does this mean for me?

Answered: 1 week ago