Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Katherine wants to sell a painting she has inherited from her grandmother. She has always been told that the painting was the work of a

Katherine wants to sell a painting she has inherited from her grandmother. She has always

been told that the painting was the work of a famous Australian artist, Tom Roberts. She likes

the style of Tom Roberts' paintings and has read several books about him and his painting

career. She takes the painting to an antique shop and offers to sell the Tom Roberts' painting

to the shop owner for $20,000. The shop owner looks at the painting carefully and agrees that

it is in very good condition and is worth $20,000 as an original painting by Tom Roberts.

Unknown to Katherine and the shop owner, the painting is a clever reproduction and not an

original painting by the famous Australian artist. Do Katherine and the shop owner have a

contract? They are mistaken about the painting being an original painting by a famous artist.

How would a judge analyse the mistakes made by Katherine and the shop owner? How might

the mistakes affect their contract for the sale of the painting?

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_2

Step: 3

blur-text-image_3

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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

More Books

Students also viewed these Law questions