Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. After three months of waiting for the sculpture to be delivered, Heidi discovers that the art dealer sold the sculpture to another buyer for $10,000 after her contract was signed. What remedy does Heidi have in this scenario

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09-06-2022
Business

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Heidi purchases an original work by one of her favorite sculptors from an art dealer for $8,000. After three months of waiting for the sculpture to be delivered, Heidi discovers that the art dealer sold the sculpture to another buyer for $10,000 after her contract was signed. What remedy does Heidi have in this scenario

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anthougo anthougo · Answer 1 · 2022-06-21T17:41:28+02:00

The remedy that Heidi has in this scenario is D. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.

What are the remedies for breach of contract?

Some of the legal remedies available to a party whose contract is breached are:

Compensatory damages
Specific performance
Contract rescission
Restitution.

Answer Options:

A. Heidi has no recourse in this scenario, because she accepted delivery of a non-conforming good.

B. Heidi may sue the art dealer for specific performance and require the dealer to secure the original sculpture in any way possible.

C. Heidi is only entitled to recover the money that she paid for the sculpture.

D. Heidi is entitled to recover the purchase price of the sculpture, as well as the money she spent to have the sculpture appraised.

Thus, based on the scenario, Heidi is entitled to Compensatory damages, which award the plaintiff the monetary value of what she either lost or incurred because of the breach.

Learn more about Compensatory Damages at https://brainly.com/question/4395083

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