foundation of business law. assignment 2, using IRAC method

foundation of business law. assignment 2, using IRAC method
READ THE FOLLOWING FACTUAL ACCOUNT AND ANSWER ALL THE QUESTIONS AT THE END:
Harry, an accountant, is also an art collector and regularly attends art exhibitions. In November Harry attended an exhibition at Red Pepper Gallery where he was impressed by a painting for sale entitled ?Red Rocks at Sunset?. When he inquired about the painting he was informed by the Gallery curator, Simon, that it was an original painting by the famous indigenous artist Bobbi Brown and that it was valued at $10,000. Usually all the paintings in the Gallery are first examined by an art expert before being offered for sale as recommended in the ?Gallery Owner?s Risk Management Guide?. Because time was running out before the exhibition ?Red Rocks at Sunset? had not been examined, however, Simon was sure that it was an original Brown because he had sold other Brown paintings before and no one had questioned their authenticity. Harry is passionate about Australian art and immediately offered to buy the painting. Simon accepted and Harry paid the deposit of $500 with the remaining amount to be paid upon collection two weeks later, at the end of the exhibition.
Over the next week Simon did get ?Red Rocks at Sunset? examined and discovered that the painting was not an original Bobbi Brown, but a clever forgery, however, when Harry came to collect it Simon did not mention this to Harry. Harry proudly displayed the painting in his office enjoying the compliments that he received from his clients. In fact one of Harry?s clients, Joe, was so impressed with the painting that he made Harry such a good offer to buy it that Harry could not refuse. Harry said: ?it?s an original Bobbi Brown so I will be sad to see it go, but I know that you will take good care of it.? Soon after buying the painting Joe entered it for sale at an art auction in Sydney where it was examined to verify its authenticity. The art experts all agreed that it was not an original Bobbi Brown and that Joe had been cheated. Joe had paid Harry $20,000 for it and was determined to get his money back.
Harry refuses to pay Joe back because it is not his fault that the painting was forged since Red Pepper Gallery had sold it to him as an original Bobbi Brown.
ANSWER ALL OF THE FOLLOWING QUESTIONS
(1) Advise Joe whether he is entitled to get his money back from Harry?
[6 marks]
(2) Advise Harry whether he has any cause of action against Red Pepper Gallery?
[7 marks]
(3) If Red Pepper Gallery did not know that the painting was a forgery advise Harry whether he would still have any cause of action against them?
[7 marks]
TOTAL: 20 marks

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