On January 21 Cam came into the showroom and offered Alf £300,000 for the Porsche. Alf told Cam that he would consider his offer and get back to him. On January 22 Alf phoned Cam and said he would definitely accept £350,000 for the Porsche. Cam requested time to think about his decision. Alf told Cam that for payment of £100 he would hold the offer to Cam open, and not accept an offer from anyone else, until 12 noon on January 26. Cam paid Alf £100. At 11.45 am on January 26 Cam phoned Alf. Alf then told Cam that he couldn’t have it because it was already sold to someone else. Alf then said he was nevertheless agreeing to buy the Porche for £350,000 since he’d paid Alf not to sell to anyone else before the 12 noon deadline. Which TWO of the following statements regarding the Porsche are correct? A Alf has a right to the Porche because he agreed to buy it before the 12 noon deadline B When Alf sold the the Porche to someone else he was in breach of the collateral contract with Cam C When Alf told Cam he had sold the Porche to someone else this was a revocation of his ofer to sell to Cam, so Alf does not have a right to the Porche D Cam has a right to get his £100 back from Alf
On January 21 Cam came into the showroom and offered Alf £300,000 for the Porsche. Alf told Cam that he would consider his offer and get back to him. On January 22 Alf phoned Cam and said he would definitely accept £350,000 for the Porsche. Cam requested time to think about his decision. Alf told Cam that for payment of £100 he would hold the offer to Cam open, and not accept an offer from anyone else, until 12 noon on January 26. Cam paid Alf £100. At 11.45 am on January 26 Cam phoned Alf. Alf then told Cam that he couldn’t have it because it was already sold to someone else. Alf then said he was nevertheless agreeing to buy the Porche for £350,000 since he’d paid Alf not to sell to anyone else before the 12 noon deadline.
Which TWO of the following statements regarding the Porsche are correct?
A Alf has a right to the Porche because he agreed to buy it before the 12 noon deadline
B When Alf sold the the Porche to someone else he was in breach of the collateral contract with Cam
C When Alf told Cam he had sold the Porche to someone else this was a revocation of his ofer to sell to Cam, so Alf does not have a right to the Porche
D Cam has a right to get his £100 back from Alf
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