Question
In respect of the scenario addresses the following: (include cases and legilsations) a) The legal issue (or issues) in the transaction b) The legal principles
In respect of the scenario addresses the following: (include cases and legilsations)
a) The legal issue (or issues) in the transaction
b) The legal principles you will use to resolve each issue
c) The application of those legal principles to the facts of each issue
d) The concluding advice you would give in respect of each issue
NOTE: ITS THE ILAC PROCESS
SCENARIO
Sally offered to sell to Betty 'that unsigned painting which you have always liked'. It was agreed that the price for the painting of $1,000 included Sally's costs of having it cleaned and restored. The restorer discovered that there was another painting beneath the one which was the subject of the sale, which turned out to have been painted by a famous French impressionist painter and was worth approximately $1million. Sally claims that she does not have to deliver the painting to Betty on the ground that the contract between them is either void ab initio or voidable. Betty seeks your advice as to whether Sally's claim is correct
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