Asked by
Verified
Vladimir entered into a contract to buy Daniel's collection of rare stamps. Vladimir mailed payment of $10,000 for the stamps to Daniel, but now Daniel tells Vladimir, "I'll never part with these stamps." Are the following remedies available to Vladimir?
A) Restitution: Yes; Specific Performance: Yes
B) Restitution: Yes; Specific Performance: No
C) Restitution: No; Specific Performance: Yes
D) Restitution: No; Specific Performance: No
Rare Stamps
Postage stamps that are considered valuable due to their limited availability, historical significance, errors in printing, or unique features.
Restitution
The act of compensating for loss, damage, or injury caused by one's actions, often as part of a legal judgment.
Specific Performance
A legal remedy requiring a party to fulfill their obligations as agreed in a contract, rather than paying damages.
- Acquire knowledge on the different remedies applicable for contract breaches, including specific performance, restitution, and damages.
- Pinpoint the scenarios in which courts might award specific performance and injunctions.
Verified Answer
Learning Objectives
- Acquire knowledge on the different remedies applicable for contract breaches, including specific performance, restitution, and damages.
- Pinpoint the scenarios in which courts might award specific performance and injunctions.
Related questions
Carolyn Agrees to Sell Marianne an Antique Handmade Lace Tablecloth ...
Glen Enters into a Contract Giving Woody the Right of ...
Where a Contract Is Unenforceable Because of the Statute of ...
The Remedy for Misrepresentation Is Specific Performance of the Contract
What Principle Did the Court Apply in the Case of ...