22. Feingold contracted to sell Betz an original letter written by George Washington, for $25,000. Both...
22. Feingold contracted to sell Betz an original letter written by George Washington, for $25,000. Both thought the letter was authentic, but it turned out to be a reproduction. Betz now wants to avoid the contract. The most appropriate remedy is
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rescission of the contract.
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compensatory damages.
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specific performance.
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punitive damages.
Homework Answers
Rescission of contract: When a contract is broken by one party, the other party may treat the contract as rescinded. In such a case he is absolved of all his obligations under the contract and is entitled to compensation for any damages that he might have suered.
So Feingold will discharged from his liability.
Specific performance will not be possible and both of them were bonafide at the time of contract.
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22. Feingold contracted to sell Betz an original letter written
by George Washington, for $25,000. Both...
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