Can Blake withdraw his offer to buy Harry’s boat
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Blake wanted to buy Harry’s boat for $20,000 and sent his offer by text to the latter’s phone. In his offer, Blake specified that he would give Harry two weeks to decide if he would sell his boat. Harry wanted to sell the boat to Blake, but thought he would wait until the last day of the 2-week period to inform Blake. But he was so sure that he would sell it and was expecting to get paid $20,000 in two weeks that he hastily sent an offer to Ali to buy his motorcycle also for $20,000. Ali accepted Harry’s offer. One week after Blake made the offer to buy Harry’s boat, he withdrew it. Now Harry doesn’t have the money to pay for Ali’s motorcycle and Ali is insisting that he pay for it since it was already sold to him.
Can Blake withdraw his offer to buy Harry’s boat
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- Jim offered to buy James’s Porsche motor vehicle. Jim gave James 2 weeks for an answer. Two days after, Jane offered to sell her Porsche motor vehicle to Jim for which he was very excited to purchase because she had the latest model. Jim called James and told him personally that he is no longer interested in purchasing his Porsche. James is very upset, because he was keen to sell. He is of the view that Jim cannot withdraw his offer because the two weeks has not elapsed. He knows that you are a business law student at Open Campus and sought your advice on the matter. Advise James.Will your answer be the same, if Jim failed to communicate to James within the two weeks that he no longer is interested in purchasing James’s Porsche motor vehicle and James accepted on the last day of the end of the two weeks?Jim offered to buy James' porche motor vehicle. Jim gave James 2 weeks for an answer, two days after, Jane offered to sell her porche motor vehicle to Jim for which he was very excited to purchase because she had the latest model. Jim called James and told him personally that he is no longer interested in purchasing his porche. James is very upset because he was keen to sell. he is of the view that Jim cannot withdraw his offer because the 2 weeks has not elapsed. he knows that you are a business law student and sought your advice on the matter. Advise James. Will your answer be the same, if Jim failed to communicate to James within the two weeks that he no longer is interested in purchasing James' porche motor vehicle and James accepted on the last day of the end of the two weeks? Please answer using the IRAC model.A man named Bob Smith believes that he is Santa Claus (who delivers presents to all the children around the world on Christmas Eve). In fact, he is not Santa, but he has believed this for many years. He signs his name "Santa." He signs many contracts as "Santa," and he refers to his wife as "Mrs. Claus" even though her name is actually Betty Smith. She puts up with it, because he really does believe he is Santa, and because she loves him and because his wages from his job at Hasbro toys pays the bills. One day he enters a contract with your company to hire you to build him a gigantic workshop in his backyard so he can build his toys and stable his "eight tiny reindeer." In return he will pay you $120,000 for the construction. When his wife learns of this deal, she tries to reject it because it is voidable due to his lack of contractual capacity. Was this contract voidable, or valid and enforceable? Answer the questions.
- A man named Bob Smith believes that he is Santa Claus (who delivers presents to all the children around the world on Christmas Eve). In fact, he is not Santa, but he has believed this for many years. He signs his name "Santa." He signs many contracts as "Santa," and he refers to his wife as "Mrs. Claus" even though her name is actually Betty Smith. She puts up with it, because he really does believe he is Santa, and because she loves him and because his wages from his job at Hasbro toys pays the bills. One day he enters a contract with your company to hire you to build him a gigantic workshop in his backyard so he can build his toys and stable his "eight tiny reindeer." In return he will pay you $120,000 for the construction. When his wife learns of this deal, she tries to reject it because it is voidable due to his lack of contractual capacity. Was this contract voidable, or valid and enforceable? explain the answer.Facts: You offered to sell your automobile to Wil for P100,000.00. After inspecting the automobile, Wil offered to buy it for P80,000.00. This offer was accepted by you. The next day, you offered to deliver the automobile, but Wil being short of funds, secured postponement of the delivery, promising to pay the price “upon arrival of the steamer”. The steamer however never arrived because it was wrecked by a typhoon and sank somewhere off the Coast of Samar. Question: Is there a perfected contract in this case? Why or why not?Linh owns and runs electronics hire business, Electric Town. When Wahid hires a projector from Electric Town, he is asked to sign a document containing the details of the projector and the duration for which he will be hiring it. At the bottom of the page there is a note in small print: “If any damage is caused to the projector including the casing being hired, the customer is liable to pay a repair fee”. Linh tries to inform Wahid about the repair fee, but Wahid is busy checking out the projector. Wahid reads the details at the top of the document but doesn’t bother to read the smaller print at the bottom. He signs it and takes the projector home. While using the projector, Wahid accidentally scratches its casing. While returning the projector to Electric Town the following week, he refuses to pay the repair fee. 1. Is Wahid bound to pay the repair fee to Linh? ISSUE: RULE: APPLICATION: CONCLUSION:
- If the delivery term in the parties’ contract for the sale of goods is FOB the place at what the goods originated, absent any other agreement, the buyer is responsible for making reasonable arrangements for the goods to be shipped. true or falseHappee offered to sell her laptop to Kofi Brokeman for GH¢1,200 and Kofi Brokeman replied by offering to purchase the laptop for GH¢600. Happee refused to sell for GH¢600. Kofi Brokeman then wrote to Happee agreeing to pay the said GH¢1,200 but she still refused to sell. Happee immediately sold the laptop to her boyfriend, Kwame Showboy at GH¢300.Kofi Brokeman sued Happee for breach of contract. what is the relevant laws here?Ishmael is a tenant of a home unit owned by Angela. Ten days ago Ishmael received a letter from Angela in which Angela stated that she was ‘interested in selling’ her flat and asked Ishmael to ‘let her know’ if he (Ishmael) was willing to buy the home unit for the price of $200,000. Three days later Ishmael posted a letter to Angela in which he agreed to buy the home unit for the price set out in Angela’s letter. After receiving Ishmael’s letter, Angela telephoned Ishmael and told him that she had decided that she did not want to sell the home unit. Also, Benjamin & Karen while visiting Joana & Bernice doing their national service in Koforidua decided to go shopping for groceries at the supermarket. In the shop, Karen sees a nice ladies bag she likes with a price tag of GH 200.00. Karen, therefore, picked up the bag and walked to the till to make payment. While at the till however, Karen was told that the price displayed on the item was not the same on the receipt at the…
- John offered to buy James’s Apple Ipad and gave James two weeks for an answer. A few days after, Jill offered to sell her Apple Ipad to John, which he was very excited to purchase because it was the latest version, with all the new software applications. John called James and told him personally that he is no longer interested in purchasing his device. James is very disturbed because he saw that a new version of his IPad was being launched and he was looking forward to purchase it. James is of the view that John cannot withdraw his offer because the two weeks has not elapsed. He knows that you are a business law student at Open Campus and sought your advice on the matter. Advise James. Will your answer be the same if John failed to communicate to James within the two week period, that he was no longer interested in James’s Ipad and James accepted his offer on the last day of the two week period?Oliver, while he was so drunk that he didn’t know what he was doing, bid successfully at an auction for the purchase of a house. It was clear to the auctioneer that Oliver didn’t know what he was doing. However, after Oliver sobered up, he confirmed the contract with the auctioneer. He then subsequently refused to complete the contract. Is Oliver bound to the contract? Required: Answer this question using the IRAC * method.Ciara decides to sell her car, a Nissan Skyline, and puts anotice on the back windscreen of the car. The notice reads,‘Sporty car for sale, excellent condition, low mileage,bargain at €2,000. Please phone Ciara Clarke 0899792949or call in at 16 Liffey Glen’.On Monday morning, Sean telephones Ciara and offers tobuy the car for €1,500. Ciara refuses to accept his offer.Later that day, Sean changes his mind about the car andtelephones Ciara. She is out so he leaves a message on heranswerphone saying, ‘I agree to give you the full askingprice of €2,000 for your car and will be round to collect ittomorrow’.On Tuesday morning, Conor sees Ciara’s car and writes aletter of acceptance to Ciara enclosing a cheque for €2,500.He immediately puts the letter in the post box. On Tuesdayafternoon, Riona calls at 16 Liffey Glen but Ciara is out, soshe puts a note through the letterbox stating, ‘I had a goodlook at your case – it is just what I want – I enclose a chequefor the full asking price of…
