If the owner of a painting says he has a Renoir for sale, and charges $50,000, and it turns out to be a Munger paint-by-number painting, that would be fraud. It would violate condition #3, no regret.
But what about if the seller is unaware that a painting is a Renoir, and the buyer does know? Something like this, in other words.
Would SELLER regret make an exchange non-euvoluntary, in other words?
I think the answer is "yes," but that doesn't mean it should be legally actionable. Caveat venditor is a reasonable policy.
Still....ouch.
But what about if the seller is unaware that a painting is a Renoir, and the buyer does know? Something like this, in other words.
Would SELLER regret make an exchange non-euvoluntary, in other words?
I think the answer is "yes," but that doesn't mean it should be legally actionable. Caveat venditor is a reasonable policy.
Still....ouch.
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Do you have suggestions on where we could find more examples of this phenomenon?