Question: You have entered into a valid binding bilateral contract to buy a painting in a private collection by the famous Dutch painter, Vermeer, for 11
You have entered into a valid binding bilateral contract to buy a painting in a private collection by the famous Dutch painter, Vermeer, for 11 million dollars.It is a rare item and a rare price.Before you can take possession, the seller tells you that he is refusing to honor the contract because he has a much, much better offer from the Tate Gallery in London.The breach of contract remedy that will allow you to obtain the painting itself rather than any monetary damages is:
options:
1) Specific Performance
2) Consequential Damages
3) Punitive Damages
4) Compensatory Damages
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