Appellate Practice Attorney serving New York, NY
By selling him the galaxy in exchange for the iphone, you impliedly represented that you had good tiltle to the galaxy, which you did not. You breached the contract of sale by giving him a phone which you didn't own. Another way to look at it is that there was a failure of consideration - the other guy didn't receive the consideration he bargained for in the transaction - a phone - and is therefore entitled to rescind the contract and get his phone back (and you would have to pay whatever charges you had put on the phone and any damages the phone had suffered while in your possession.)
Answered on Sep 30th, 2014 at 9:30 AM