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Alice is browsing in a commercial art gallery when she sees a painting that she likes. Arthur, who is the manager of the gallery, tells her that in his opinion the painting is a genuine Leroy Neiman work. Based upon that representation, Alice buys the work for $5,000. She later discovers that the painting is only a cheap copy of the original that is worth no more than $50. Arthur has:
Breach of Contract
The failure to perform as stipulated by the terms of a contract, which can result in legal consequences for the party in breach.
Injunction
A judicial order requiring a person to do or cease doing a specific action, preventing irreparable harm or injustice.
Money Damages
Compensation awarded to a party in a lawsuit for losses or injuries suffered due to the other party's actions or negligence.
Specific Performance
A legal remedy requiring a party to fulfill their obligations under a contract, rather than simply paying damages for failing to do so.
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