Professor Margit Livingston on Consignments under U.C.C. Article 9 (PDF)

Consignments are typical in the art world. The owner of a painting who wishes to sell it will often consign it to an art gallery for exhibit to the public. Ordinarily, the consignment agreement will specify that the owner retains title to the painting until it is sold to a third party. These types of transactions have existed for years and are well understood in the art world. What could possibly go wrong? Apparently, quite a bit.
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Consignments are typical in the art world. The owner of a painting who wishes to sell it will often consign it to an art gallery for exhibit to the public. Ordinarily, the consignment agreement will specify that the owner retains title to the painting until it is sold to a third party. These types of transactions have existed for years and are well understood in the art world. What could possibly go wrong? Apparently, quite a bit.

 

Margit Livingston is Professor of Law, DePaul University College of Law.

 

Professor Livingston's primary areas of specialization are intellectual property, commercial law, animal law, and remedies. She has co-authored a book on tidal and coastal law and published numerous articles and book chapters on various subjects, including secured transactions, public rights in coastal properties, professional ethics, copyright, animal welfare, and criminal and civil contempt. She has been a visiting professor of law at William and Mary, Fordham, and the University of Illinois, and she is a graduate of the renowned Second City Training Program for Improvisational Comedy. She has received several awards for her teaching and scholarship, including the University Excellence in Teaching Award (2008) and the College of Law Faculty Achievement Award (2010). She earned her M.A. (Theatre Arts) and J.D. from the University of Minnesota and her LL.M. from the University of Illinois.

 

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