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John,a House Painter,enters into a Contract with Robert Under Which

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Essay

John,a house painter,enters into a contract with Robert under which he promises to paint Robert's house for which Robert promises to pay $1,000 upon completion of the work.John mistakenly paints Mary's house next door.Mary returns from vacation,surprised to see her house beautifully painted.John asks Mary to pay for the work.Mary refuses.Under what theory may John attempt to recover from Mary? Will he be successful? Explain.


Definitions:

Trust Company

A financial institution that acts as a trustee, managing estates, setting up trusts, and handling assets for beneficiaries.

Indenture

A formal agreement, or contract, between a bond issuer and the bondholders, specifying the terms of the bond.

Sinking Fund

A fund established by an entity by setting aside revenue over time for the purpose of paying off debt or replacing a future expense.

Protective Covenants

Clauses in a contract or bond indenture that restrict the borrower from certain activities, aiming to protect creditors.

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