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.
Step by step
Solved in 2 steps
- Question 4 Read the following extract and then answer the questions below.Mr. Lee is a new business investor in Botswana. He realises that just like in China, Botswana has laws that govern how businesses should be run. He has been referred to you by the Government parastatal that has been set up to lure in investors – Botswana Investment and Trade Centre (B.I.T.C). As a famous and well-seasoned business consultant, Mr. Lee asks that you take him through stages of case trial proceedings in a court of law in Botswana. Part A Present your consultation to Mr. Lee in 3 sections being: Introduction, Body with at least 8 key proceedings points and conclusion. Part B List any 5 courts that are found in Botswana. The list should have the highest court in the country.QUESTION 44 Which of the following represents the basic distinction between a bilateral contract and a unilateral contract a. The rights under a bilateral contract are assignable, whereas rights under a unilateral contract are not assignable. b. Only one promise is involved ifthe contract is unilateral but two promises if the contract is bilateral. c. Specific performance is available if the contract is unilateral whereas it is not if the contract is bilateral. d. The Statue of Frauds applies to a bilateral contract but not to a unilateral contract.question illustrate the following negotiation outcomes i) A Win-Win situation ii) A Win-Lose situation iii) A Lose-Lose situation
- Question the national government received a grant from the who amounting to p50 million for the construction of hospitals. under the terms of the grant,the construction project shall be completed within 3 yrs from the receipt of the grant. otherwise,the money shall be returned to the grantor.the money can only be used as spitulated, and the ng is required to include a note in the financial statement detailing how the money was spent. the department of health will be the implementing entity. required:prepare the journak entries for the following: 1.Receipt of the grant. 2.Purchaae of construction materials and payment of a labor for rhe construction. 3.Receipt of the report from doh for the completion of the construction of hospitals.Question: Explain the “Contingent conflict” and provide an example where you have faced this type of conflict and how did you manage it?Q2: Case 2 Mr. Abdullah and his wife both lived together in Oman and went to England for a holiday. During the holidays, Mrs. Abdullah became ill and was advised by the doctors to stay back in England. But due to work pressure husband goes back to his place leaving his wife back in England. An agreement was made orally between them that Mr. Abdullah will provide his wife 300 OMR every month as an allowance. For a few months, he gave as he promised. Then, he decided to get separated from his wife. Mr. Abdullah stopped sending 300 OMR as an allowance to Mrs. Abdullah. Mrs. Abdullah filed a complaint against Mr. Abdullah for not paying the allowance. Questions a, Can Mrs. Abdullah claim the allowance? Why or why not? b. Is agreement in this case enforceable by law? Explain why or why not?
- Question ThreeThe management of a supermarket wants to adopt a new promotional policy ofgiving free gift to every customer who spends more than a certain amount pervisit at this supermarket. The expectation of the management is that after thispromotional policy is advertised, the expenditure for all customers at thissupermarket will be normally distributed with mean 400 £ and a variance of900£2.1) If the management wants to give free gifts to at most 10% of the customers,what should the amount be above which a customer would receive a free gift?2) In a sample of 100 customers, what are the number of customers whoseexpenditure is between 420 £ and 485 £?3) What is a probability of selecting a customer whose expenditure is differ thanthe population mean expenditure by at most 50 £?4) What is the probability that the expenditure of the first customer exceeds theexpenditure of the second customer by at least 20 £?5) In a sample of 250, find the count that corresponds to the interquartile…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.Supervision Question Why does compromise generally leave both parties feeling frustrated?
- Question Consider a case of TWO sisters fighting over an orange and as a way to end the quarrel, they decide to cut the orange into TWO equal halves. Immediately, one sister squeezes her half to make juice and the other sister uses the peels to bake cake. a) Discuss TWO dangers of conflict that parties are exposed to each time when they disagree as in the above scenario.Question 1 Read the following extract and then answer the questions below.Part A Mr. Baeti has been engaged by Local Enterprise Authority (LEA) as a consultant. He is tasked to carry out a workshop for LEA beneficiaries and the objectives of the workshop is to teach or equip members with knowledge how the contract of Agency can be authorised in order for it to be in place. The reason for this is that LEA members are struggling to reach out to their customers and grow their business. Mr. Baeti wants to teach the members about the various sources of authority that may lead to the existence of an Agency. What are those available authorities that Mr. Baeti should teach these LEA members about? In doing so and where necessary, Mr. Baeti should give examples of relevant cases to support his answer. Explain in detail what Mr. Baeti should discuss with LEA members Part B Assist Mr. Baeti to list 5 duties of an agent.Question 9 Donald puts a lot of money into a bucket and gives Bernie a power of appointment over the money in the bucket. Bernie has the power to distribute that money only to himself, his creditors, his estate, or his estate's creditors. What is the correct name for his power of appointment? It is a/an: General power of appointment Limited power of appointment Question 10 True or False. The spousal consent rules for the annual exclusion require the non-donor spouse to consent to all gifts made by the donor spouse in that year; he or she cannot select which gifts he or she will join and which he or she will not. True False