Defenses against the payment made to the art dealer

Assignment Help Financial Management

Reference no: EM131188299

An art dealer sells a painting to Priya, telling her that it is an original painting made by a famous painter, and takes Priya's check for $500 in payment. Before making the sale, the art dealer was aware that the painting is not genuine, and it is a forgery. Can Priya claim any defenses against the payment made to the art dealer?

Reference no: EM131188299

Questions Cloud

What is the current yield and what is the capital gains : A corporate bond currently sells for $834.72. This $1,000 par value, 20 year bond pays an annual coupon of 5%. SHOW ALL WORK using the TI BAII Plus Calculator for full credit. What is the yield to maturity (YTM)? What is the current yield? What is th..

Using the capital asset pricing model : Using the Capital Asset Pricing Model, determine the required rate of return on the following 2-stock portfolio given the following market and stock data: Risk-free rate of return = 4% Market rate of return (return on an average risk security)= 9% St..

Money security agreement : Denis bought a diamond ring on credit from Pavel as an engagement present for his fiancée. He signed a purchase money security agreement giving Pavel a security interest in the ring until it was paid for. Pavel did not file a financing statement cove..

Foreclosure proceedings with regard to each of two mortgages : Rashid purchased real estate known as Parcel A, subject to a preexisting mortgage, in favor of Local National Bank. Leila purchased real estate known as Parcel B, assuming a preexisting mortgage on it in favor of Local National Bank. Although Local N..

Defenses against the payment made to the art dealer : An art dealer sells a painting to Priya, telling her that it is an original painting made by a famous painter, and takes Priya's check for $500 in payment. Before making the sale, the art dealer was aware that the painting is not genuine, and it is a..

Calculate the net present value of each project : The Charlie Company needs to decide between the following two projects, Project Good and Project Could BeBetter. The company's cost of capital is 6%. The cost of each is the same at $20,000 today. Calculate the Net Present Value (NPV) of each projec..

Merger valuation : Pit Row Auto, a national auto parts chain, is considering purchasing a smaller chain, Southern Auto. Pit Row's analysts’ project that the merger will result in incremental free cash flows and interest tax savings of $2 million in Year 1, $4 million i..

What is the discounted payback period of this project : A project is expected to cost $8,000 today and bring in year-end cash flows of: Year 1 $5,000; Year 2 $2,000 Year 3 $4,000. The company has a cost of capital of 10%. Show all work for full credit. What is the payback period of this project? What is t..

Globalization of markets and the globalization of production : As the drivers of globalization continue to pressure both the globalization of markets and the globalization of production, we continue to see the impact of greater globalization on worldwide trade patterns. What types of countries dominate these rou..

User Account

All Pages