What remedy would smith seek from the court

Assignment Help Business Law and Ethics
Reference no: EM131799758

Question: Assume that John Smith is suing Jane Doe for breaching a contract in which Doe promised to sell Smith a painting by Vincent Van Gogh for $30 million.

Using the information presented in the chapter, answer the following questions:

1. In this lawsuit, who is the plaintiff and who is the defendant?

2. Suppose that Smith wants Doe to perform the contract as promised. What remedy would Smith seek from the court in this situation?

3. Will the remedy Smith seeks in question 2 be a remedy at law or a remedy in equity? Be sure to discuss why you answered as you did.

4. Suppose Smith wants to cancel the contract because Doe fraudulently misrepresented the painting as an original Van Gogh when in fact it is a copy. What remedy would Smith seek from the court in this situation?

5. Suppose that the trial court finds in Smith's favor. Doe then appeals the decision to a higher court. On appeal, which party will be the appellant, and which party will be the appellee?

Reference no: EM131799758

Questions Cloud

Levels of effectiveness and efficiency in organizations : Information technology Read, Improving the Efficiency, Accuracy, And Cost Effectiveness of Core Business Activities and distinguish how advances.
Specific formatting instructions : Is he or she being too picky and should they lighten up a bit? Are specific formatting instructions necessary in a research report?
What the correct balance account at the end of the year : What would be the correct balance of this account at the end of the year
Understand statistical analysis : How do you share said information to those who may not understand statistical analysis?
What remedy would smith seek from the court : Suppose that Smith wants Doe to perform the contract as promised. What remedy would Smith seek from the court in this situation?
Distribution approach to marketing exchange : Marketing is about creating value through exchanges, but most people view marketing as only a small portion of those exchange processes.
Prepare a statement of cost of goods manufactured : Prepare a statement of cost of goods manufactured for 2014. (Hint: Prepare an analysis of changes in Finished Goods Inventory.)
Defining an educational system of a country : International business depends upon the dominant religion, social structure, and educational system of a country.
Prepare a monthly purchases budget : Prepare a monthly purchases budget and a schedule of budgeted cash payments for purchases for July, August, and September.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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