Suppose a buyer enters into a sales contract to purchase a specific Rembrandt pa
ID: 337475 • Letter: S
Question
Suppose a buyer enters into a sales contract to purchase a specific Rembrandt painting from a seller for $25 million. When the buyer tenders payment, the seller refuses to sell the painting to the buyer. The buyer may bring a(n) _____ action to obtain a decree of _____ from the court, which orders the seller to sell the painting to the buyer.
A.
equity; frustration of purpose
B.
legal; unconscionability
C.
legal; commercial impracticability
D.
equity; specific performance
E.
equity; summary judgment
Explanation / Answer
Suppose a buyer enters into a sales contract to purchase a specific Rembrandt painting from a seller for $25 million. When the buyer tenders payment, the seller refuses to sell the painting to the buyer. The buyer may bring a(n) _____ action to obtain a decree of _____ from the court, which orders the seller to sell the painting to the buyer.
A.
equity; frustration of purpose
B.
legal; unconscionability
C.
legal; commercial impracticability
D.
equity; specific performance
E.
equity; summary judgment
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