Mogul arranged with Penelope Yang, a contemporary artist, to paint a portrait of Mogul. The written contract provided that the artist would be paid a fee of $500,000. The contract also said: “the artist (Yang) hereby agrees that Mogul’s personal satisfaction with the portrait painted by the artist is guaranteed”.

| May 27, 2014

Mogul arranged with Penelope Yang, a contemporary artist, to paint a portrait of Mogul. The written contract provided that the artist would be paid a fee of $500,000. The contract also said: “the artist (Yang) hereby agrees that Mogul’s personal satisfaction with the portrait painted by the artist is guaranteed”. When the portrait was completed Mogul said “I hate that picture – it makes me look like Rodney Dangerfield”. (Mogul liked to imagine that he looked like Brad Pitt.) A reproduction of the portrait appeared in a magazine. Many distinguished artists and museum directors saw it and said that the painting was “magnificent” and “a wonderful work of art”. Suzy Starlet (Mogul’s wife) said to Mogul: “That is a wonderful picture – it captures the real you – if you divorce me I want to get that painting as part of my property settlement”. Mogul refused to pay Yang the fee agreed upon in the contract. Yang filed suit for breach of contract. What will the result of this suit be? Explain.

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Select a company that has been the subject of a product liability lawsuit in the last ten (10) years. Research the lawsuit using legal data.
Carol Cameron was an actress who was best known for playing dramatic roles. She had appeared in several successful movie dramas. In 2000 she was nominated for a Best Supporting Actress Oscar®. On 1 January 2001 she signed a contract with Colossus Studios to play one of the leads in Days of Passion, a film which was to be based on an award-winning literary novel.

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