Sotheby''s on bieber''s right to disaffirm the contract

Assignment Help Other Subject
Reference no: EM13284982

On his 16th birthday, Justin Bieber bought a $700,000 original Picasso drawing from Sotheby's Auction House.  Three weeks before his 18th birthday, the Picasso was severely damaged after an all night party at Bieber's house.  No one knows exactly how the drawing was damaged. The Picasso drawing is now worthless. Bieber sought to disaffirm the contract for the Picasso drawing and demanded that Sotheby Auction House  return the $700,000 he paid for the original drawing. Sotheby's refused to return the $700,000 to Bieber because the Picasso drawing was now worthless.   

 

You are asked to advise Sotheby's on Bieber's right to disaffirm the contract?   What advice do you give?  Explain your answer..

Reference no: EM13284982

Questions Cloud

How to calculate the concentration of ch3oh : Suppose that the molar concentrations for CO and H2 at equilibrium are [CO] = 0.05 and H2= 0.08 . Use the formula CH3OH= Kc[CO][H2]^2 to calculate the concentration of CH3OH.
Define fermi levels at room temperature for full ionization : Given N-type silicon sample with uniform donor doping of (a) Nd= 1018/cm3 , (b) Nd= 1019/ cm3 and (c) Nd= 106/cm3, calculate the Fermi levels at room temperature assuming full ionization for all cases.
Calculate the equilibrium concentration of reaction a : Consider a reaction A+B=2C having a equilibrium constant Kc=5. If the initial concentrations are [A]=2M [B]=3M and [C]=0M, calculate the equilibrium concentration of [A],[B] and [C]
What total charge passes through the wire : A 1.00 V potential difference is maintained across a 9.0 resistor for a period of 14.0 s, What total charge passes through the wire in this time interval
Sotheby''s on bieber''s right to disaffirm the contract : On his 16th birthday, Justin Bieber bought a $700,000 original Picasso drawing from Sotheby's Auction House.  Three weeks before his 18th birthday, the Picasso was severely damaged after an all night party at Bieber's house.  No one knows exactly how..
Calculate the price of miller corporation bond : This bond pays a 5.3 percent coupon, has a YTM of 9.4 percent, and also has 13 years to maturity. Assume interest rates remain unchanged.
How to calculate the concentration of ch3oh : Suppose that the molar concentrations for CO and H2 at equilibrium are [CO] = 0.05 and H2= 0.08 . Use the formula CH3OH= Kc[CO][H2]^2 to calculate the concentration of CH3OH.
Technology has greatly impacted the recruiting process : Technology has greatly impacted the recruiting process.  It has changed the way recruiters seek candidates as well as how employees look for a job. Why would a company choose to use the Internet as its primary source for recruiting? Can you accuratel..
Find what is the value of the amplifier output resistance : The output voltage of a voltage amplifier has been found to decrease by 20% when a load resistance of 1 k ohm is connected. What is the value of the amplifier output resistance

Reviews

Write a Review

Other Subject Questions & Answers

  Typically supply a business with a group of ip addresses

Which of the following organizations would typically supply a business with a group of IP addresses for its networked devices?

  Discussuing the administrative laws

Explain the significance of this quote:"Thus the central function, and it is at the same time the central problem, of judicial review.

  Discussing the issues of law

Your supervising attorney has asked you to write an interoffice memorandum of law discussing the issues presented in this case and possible defenses that might be raised by Sandy and John Beach.

  Components of the stockholm syndrome

Define and discuss in great detail the four components of the Stockholm Syndrome. Discuss the five suggestions to strengthen personalization within the Stockholm Syndrome

  How children react to a serious stressor depends primarily

compared to children from middle-class families, a characteristic of children from low-SES families is that their.

  Principles of maneuver-mass-military strategists

Why were the principles of maneuver, mass, and offensive so important to early American military strategists. How did American experience in the Civil War change things?

  Benefits of government-funded research

How does government funded research, help to enhance military power and enhance economic competitiveness?

  Exchange theory and conflict theory

I need positive and negative outcomes related to both the exchange theory and conflict theory based on the situation that a couple is contemplating divorce because they always argue and she wants kids but he doesn't because he was raised with arguing..

  Wyndham worldwide adopts a stakeholder orientation marketing

From its founding in 1981, Wyndham Worldwide has emerged as a global powerhouse in the lodging, timeshare, and rental industry. Along the way, Wyndham struggled through several mergers and acquisitions and an inconsistent branding strategy. After str..

  Which country or countries is schizophrenic a resident

The Schizophrenic Co. was organized in Delaware, but all of its business is done in France, the managerial offices are located in Luxembourg and its board of directors holds its meetings in Luxembourg

  Mens-womens patterns of work

What are men's and women's patterns of work? How do such patterns relate to on-the-job achievement and income?

  Striving to realize in confessions

In Aristophanes's comic story in Plato's Symposium, in the relation to God that St. Augustine is striving to realize in Confessions, in the refinement of love experienced by the ascending Dante Pilgrim in Paradiso, and in Sartre's account of love as ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd