Candace owns a rare painting and has agreed to a contract whereby she will sell it to the Washingtonian Museum for $7.8 million. At the last minute, she decides she cannot bear to part with her painting and will not sell it to the Washingtonian. The museum can sue Candace for specific performance.

Question

Quizplus · Accepted Answer

A breach of contract occurs when one party (Candace) fails to follow the terms of a contract. When Candace violated the contract by not selling her painting the court could require her to do so since money damages would not be adequate. The museum would not be able to buy another of these rare paintings anywhere else.

Candace Owns a Rare Painting and Has Agreed to a Contract