Has a valid acceptance resulted in the situations: Peter offers his laptop at RM1K. Tom replies I presume it is a cash term. Discuss it.
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Question
Has a valid acceptance resulted in the situations:
Peter offers his laptop at RM1K. Tom replies I presume it is a cash term.
Discuss it.
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Solved in 2 steps
- Question 3 Coces, a furniture shop owner, buys a new set of cabinet worth $9,850. He receives an invoice dated 26 October 2019 with trade discounts of 8 percent, 4 percent and is offered cash discount terms 3/15, 2/30, n/60. (iii) If Coces pays $5,000 on 3 November 2019, calculate the amount that was credited to Joe’s account.Question 16 What a party said when entering into a contract is a subjectíve fact. True False Question 17 Iggy and Jen sign a contract by which Iggy agrees to deliver and install a gas fireplace on October 15 in exchange for Jen's promise to pay the $500 price within ten days of the install date. The delivery and installation of the fireplace and the payment of the price are examples of conditions precedent. concurrent conditions. O conditions subsequent. O implied conditions.The duty of restoration is to protect adults that enter into contracts with children. Question 21 options: True False Minors are liable on certain contracts that are seen as necessaries of life...ie a contract for health insurance. Question 22 options: True False Consideration requires a bargained for exchange of value from both parties. Question 23 options: True False There does not need to be any exchange of words for there to be an implied contract. Question 24 options: True False When an illegal contract is executed upon, the court normally will leave the parties where it finds them even if partial performance has occurred. Question 25 options: True False
- A prenuptial contract must be in writing. Question 16 options: True False Some offers will never expire unless expressly withdrawn by the offeror. Question 17 options: True False The Statute of Frauds covers contracts that require performance within 6 months or longer of execution. Question 18 options: True A guaranty type contract, where a 3rd party guarantees the payment for another, must be in writing. Question 19 options: True False Consideration has to be a negotiated benefit or detriment to both Parties to be valid support of the contract. Question 20 options: True FalseA prenuptial contract must be in writing. Question 16 options: True False Some offers will never expire unless expressly withdrawn by the offeror. Question 17 options: True False The Statute of Frauds covers contracts that require performance within 6 months or longer of execution. Question 18 options: True A guaranty type contract, where a 3rd party guarantees the payment for another, must be in writing. Question 19 options: True False Consideration has to be a negotiated benefit or detriment to both Parties to be valid support of the contract. Question 20 options: True False The duty of restoration is to protect adults that enter into contracts with children.Alf sells prestige used cars. In the window of his office showroom Alf displays a whiteboard. On January 20 Alf wrote on this board: • “2015 Ferrari, just arrived, mint condition, £50,000. Special offer • 2015 Porsche, just arrived, like new, £40,000”. Question Which TWO of the following statements are correct? A In relation to the Ferrari the statement on the whiteboard is an invitation to treat B In relation to the Ferrari the statement on the whiteboard is an offer C In relation to the Porche the statement on the whiteboard is an invitation to treat D In relation to the Porche the statement on the whiteboard is an offer Question On January 21 Benz came into the showroom and offered Alf £400,000 for the Ferrari. Alf told Benz that he would consider his offer and get back to him. On January 22 Alf phoned Benz and said he would definitely accept £450,000 for the Ferrari. Benz requested time to think about his decision. Alf agreed he would hold the offer to Benz open, and not accept an…
- 3. (Scenario Based Question) Your response to Nicole's Phone Call & "Hi, my name is Nicole and I need your help urgently! I saw a puppy on Facebook which I saw advertised through a mutual friend. The seller asked me to pay £3000 upfront to hold the puppy, which I was ok with as I have done my research and the breeder said they had a KC Registered certificate. So I have sent the breeder £3000 via bank transfer last week. I was meant to pick up the puppy today and when I checked the breeders address on Facebook they no longer exist! (**crying**) I can't pay for my bills or buy food for the kids because this was the last of my money this month. (**angry**) You and Monzo need to protect me against scams like this! I want to raise a complaint to get all my money back straight away!" (Write your response to the customer as if you were a COp at Monzo who had just picked up a call from Nicole, for example "Hi Nicole...")An interest in a general partnership is a form of a security under the 1933 Act. Question 12 options: True FalseQUESTION 8 Failure on the part of the creditor to perform on time due to his own fault results in a form of breach of contract known as O a. Mora creditoris/default of the creditor Ob. positive mal-performance OC. rendering performance impossible/prevention of performance Od. repudiation e. Mora debitoris/default of the debtor Click Save and Submit to sme and subrir Chet save la allanstwers. Search for anything FUITSU EGO ECO F10
- QUESTION 1 Latif, an art expert, has been acting on behalf of Datuk Zainal in buying and selling artwork for him. Recently, Datuk Zainal instructed Latif to sell some of his art collection as he needed cash to finance his business. Among the items that Datuk Zainal wanted Latif to sell for him were a painting by a French artist, Le Cartier, worth RM1million and a sculpture by Cardoza worth RM500,000. Latif obtained an offer of RM1.2million from a buyer, Datuk Chew, for the painting and advised Datuk Zainal to sell. Before Datuk Zainal sold it to Datuk Chew, another interested buyer made an offer of RM1.5million. Latif did not inform Datuk Zainal of the second offer because Datuk Zainal has already agreed to sell the painting to Datuk Chew. As Latif did not have time to look for a buyer for the sculpture, he asked his nephew, Rosli, to sell the sculpture. Rosli, who has no experience in selling artwork, sold the sculpture to a buyer at a very low price. Datuk Zainal was upset when he…Acceptance to an offer must be done expressly by stating your acceptance to the offer. Question 1 options: True False Quasi contract is recognized as occurring under order of a court due to concerns of unjust enrichment. Question 2 options: True False A preexisting duty to do something may be sufficient consideration for a contract to exist. Question 3 options: True False Contracts of adhesion, where a consumer has no ability to negotiate, is an unconscionable contract. Question 4 options: True False An exculpatory contract that releases the other from liability is always illegal. Question 5 options: True False A person who has injested drugs or alcohol will automatically have the choice to make void any contract entered into while under the influence. Question 6 options: True False Consideration could be a party's willingness to refrain from doing an illegal act. Question 7 options:…The fraud-on-the-market theory creates a presumption of securities fraud based on plaintiff's reliance on defendant company's misrepresentations which affected the market price of the company's shares. Question 20 options: True False