An Art Gallery and Plaintiff entered into an Art Administration Agreement, dated March 18, 2004. Pursuant to
Question:
An Art Gallery and Plaintiff entered into an Art Administration Agreement, dated March 18, 2004. Pursuant to the Agreement, the Gallery was to administer artworks owned by and acquired for Plaintiff, who would retain title to them. If the Gallery transferred an artwork belonging to Plaintiff, it was required to obtain from the buyer and transmit to Plaintiff a written acknowledgment that Plaintiff was the owner. Transfer of title was required to be from Plaintiff to the buyer. All sales proceeds were to be transmitted to Plaintiff. The Art Gallery sells paintings to the defendant who claims that he takes good title regardless of the restriction of the agreement between the Art Gallery and Plaintiff. Does he?
Step by Step Answer:
Dynamic Business Law The Essentials
ISBN: 9781260253382
5th Edition
Authors: Nancy Kubasek, M. Neil Browne, Daniel Herron, Lucien Dhooge, Linda Barkacs