The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
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Chapter 14, Problem 1IS
Summary Introduction
Case summary: Firm E orders firm F to supply 150 desks for PCs. However, F delivered 150 printer stands in place of desks.
To find: The delivery of desks as acceptance or a counteroffer.
Summary Introduction
Case summary: Firm E orders Firm F to supply 150 desks for PCs. However, F delivered 150 printer stands in place of desks.
To find: The outcome of the case if F had notified E about desk as accommodation.
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Mohammed wants to sell his bike and he gives an advertisement. In the advertisement it is mentioned that a fastest bike is available for sale at 5000 OMR. Omar is interested in this offer and Mohammed says that it can be driven at the speed of 500km/hour in the normal roads. Omar is mesmerized by the offer and agrees buy. Question a. Is the contract in this case enforceable by law? Expluin why or why not?
Question 3
Decide whether an acceptance is enforceable in the following circumstances with reference to the relevant statutory provisions and case laws:(a) On Thursday, Rita called Beatrice to offer her most favourite Disney Princess toy for RM300 to be responded by the next day. Beatrice agreed to the offer on Sunday claiming that she has just remembered about it.
Question 3
Buyer and seller enter into a clear contract. The buyer refuses to purchase for a reason not excused by a contingency. Which statement is correct?
A - The seller is entitled to damages the buyer caused, which are taken from either the earnest money deposit or the 20% down payment.
B - The original buyer gets the earnest money deposit back as soon as there is a new offer.
C - The seller has the right to terminate the contract and keep the earnest money deposit.
D - The seller has the right to keep 20% of the down payment on property.
Chapter 14 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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