BUSINESS LAW
17th Edition
ISBN: 9780357007594
Author: Mann
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 10, Problem 5Q
Summary Introduction
To discuss: Whether buyer demands the delivery of goblets on time.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A offered to sell his automobile to B for P50,000. After inspecting the automobile, B offered to buy it for P50,000. This offer was accepted by A. The next day, A offered to deliver the automobile, but B, being short of funds, secured a postponement of the delivery, promising to pay A the price “upon arrival in this port of the steamer Helena.” The steamer, however, never arrived because it was wrecked somewhere off the coast of Samar.
(a) Is there a perfected contract in this case? Why?
(b) Is the promise to pay made by B conditional or with a term? Why?
(c) Can A compel B to pay the purchase price and to accept the automobile? Why?
Rowe advertised in newspapers of wide circulation and otherwise made known that she would pay $5,000 for a complete set consisting of ten volumes of certain rare books. Ford, not knowing of the offer, gave Rowe all but one volume of the set of rare books as a Christmas present. Ford later learned of the offer, obtained the one remaining book, tendered it to Rowe, and demanded the $5,000. Rowe refused to pay. Is Ford entitled to the $5,000?
Shah, in response to an inquiry by Onyango regarding the possible sale of his (Shah’s) car, wrote to Onyango stating, “I have decided to sell to you my car for ksh 2,000,000. If I hear nothing from you before next Sunday, I will take it that you have accepted. “Onyango considered the price to be too high and decided to look for another car but forgot to reply to Shah’s letter. Shah is now threatening to sue Onyango for breach of contract. Advise Onyango.
Chapter 10 Solutions
BUSINESS LAW
Ch. 10 - Prob. 1COCh. 10 - Prob. 2COCh. 10 - Prob. 3COCh. 10 - Prob. 4COCh. 10 - Prob. 5COCh. 10 - Prob. 1QCh. 10 - Prob. 2QCh. 10 - Prob. 3QCh. 10 - Prob. 4QCh. 10 - Prob. 5Q
Ch. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - Prob. 10QCh. 10 - Prob. 11QCh. 10 - Prob. 12QCh. 10 - Prob. 13QCh. 10 - Prob. 14CPCh. 10 - Prob. 15CPCh. 10 - Prob. 16CPCh. 10 - Prob. 17CPCh. 10 - Prob. 18CPCh. 10 - Prob. 19CPCh. 10 - Prob. 20CPCh. 10 - Prob. 21CPCh. 10 - Prob. 22CPCh. 10 - Prob. 23CPCh. 10 - Prob. 1TSCh. 10 - Prob. 2TSCh. 10 - Prob. 3TS
Knowledge Booster
Similar questions
- On March 5, 1956, A wrote a letter to B offering to him the lease of a building. On March 6, 1956, at 1:00 P.M., B sent a letter of acceptance which was received by A at 4:00 P.M. that day. But at 2:00 P.M., A had already sent B a letter of withdrawal of the offer which was received by B at 5:00 P.M. Was the contract perfected? Reasonsarrow_forward7. When goods are in possession of third person, delivery is complete: (a) When such third party acknowledges to the buyer that he holds the goods on his behalf (b) Even though such third party does not acknowledge (c) When the physical possession of the goods is given (d) None of the abovearrow_forwardon september 5 robert wrote to cameron offering to sell 50 metric tons of wheat at $250 per metric tonne. on september 7 cameron posted a reply in which he accepted robert’s offer but added that if he did not hear to the contrary he would assume that the price included delivery to his (cameron’s) warehouse. the following morning, before cameron’s letter arrived at robert’s office, robert read a posting on the internet which stated that the price of wheat was about to fall and he immediately sent an email to cameron stating ‘our price of $250 includes delivery’. on receiving robert’s email at 10am on september 8, cameron posted a letter to robert confirming his acceptance of robert’s terms. by mid-day, however, cameron also saw the posting on the internet which indicated that wheat prices were about to fall and, having considered the matter, sent an email to robert stating ‘i do not accept your offer of wheat’. the price of wheat fell to $230 per metric tonne and cameron refuses to…arrow_forward
- Suppose Suzanne offered to sell you her boat on Wednesday for $2,000 and gives you until Friday at 9 am to accept the offer. You then find out on Thursday from another source that Suzanne has sold the boat to another person. If you accept the offer, can you sue Suzanne for breach of contract?arrow_forwardBarnes accepted Clark’s offer to sell to him a portion of Clark’s coin collection. Clark forgot that his prized $20 gold piece at the time of the offer and acceptance was included in the portion that he offered to sell to Barnes. Clark did not intend to include the gold piece in the sale. Barnes, at the time of inspecting the offered portion of the collection and prior to accepting the offer, saw the gold piece. Is Barnes entitled to the $20 gold piece? Explainarrow_forward4. On March 5, 2021, A wrote a letter to B offering him lease of a building. On March 6, 2021, at 1:00PM, B sent a letter of acceptance which was received by A at 4:0OPM that day. But at 2:00PM, A had already sent B a letter of withdrawal of the offer which was received by B at 5:00PM. When was. the contract perfected? a. At 1:00PM b. At 4:00PM c. At 2:00PM d. The contract has not been perfectedarrow_forward
- Donald met Daisy at the Mall. Donald saw that Daisy had a brand new Apple tablet in her hand, he immediately told Daisy that he is interested in purchasing her tablet for $5000.00: Daisy responded in the following manner; • Daisy did not answer Donald and simply walked away. • Based on Donald’s original offer to purchase the tablet for $5,000, Daisy inquired from him, the method of payment for the tablet. • Daisy told Donald that she paid $10,000.00 for the Tablet and if he agrees to pay her that amount, she is willing to accept. Donald responded that he is only willing to pay $6,000. Advised Daisy on whether or not a valid agreement exists between Donald and her, pertaining to the three issues above. answer based on IRAC rulearrow_forwardJim 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.arrow_forwardCarl has a contract to supply Georgina with a gold necklace based on a design supplied by Georgina, to be delivered to Georgina on May 31. The contracted price is £500, payment due on delivery. On May 2, Carl contacted Georgina and mentioned that the price of gold had risen to such an extent that he would make a loss on the contract. On May 4 Carl contacted Georgina again and said: “I’m sorry Georgina but I’m running a business here not a charity. I can’t supply the necklace, I suggest you look for a different supplier”. Question Think whether or not Carl has committed an anticipatory or an actual breach, or indeed any breach at all. Do you remember what an anticipatory breach is? Question What are the TWO options open to Georgina in relation to the timing of taking action against Carl? Question Can you identify the common law remedies available to Georgina?arrow_forward
- Offer, acceptance, and consideration are necessary elements of A a warranty a representation a contract insurable interest B. Darrow_forwardJim 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? Required to use the IRAC* method to answerarrow_forwardJim 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?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Understanding BusinessManagementISBN:9781259929434Author:William NickelsPublisher:McGraw-Hill EducationManagement (14th Edition)ManagementISBN:9780134527604Author:Stephen P. Robbins, Mary A. CoulterPublisher:PEARSONSpreadsheet Modeling & Decision Analysis: A Pract...ManagementISBN:9781305947412Author:Cliff RagsdalePublisher:Cengage Learning
- Management Information Systems: Managing The Digi...ManagementISBN:9780135191798Author:Kenneth C. Laudon, Jane P. LaudonPublisher:PEARSONBusiness Essentials (12th Edition) (What's New in...ManagementISBN:9780134728391Author:Ronald J. Ebert, Ricky W. GriffinPublisher:PEARSONFundamentals of Management (10th Edition)ManagementISBN:9780134237473Author:Stephen P. Robbins, Mary A. Coulter, David A. De CenzoPublisher:PEARSON
Understanding Business
Management
ISBN:9781259929434
Author:William Nickels
Publisher:McGraw-Hill Education
Management (14th Edition)
Management
ISBN:9780134527604
Author:Stephen P. Robbins, Mary A. Coulter
Publisher:PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract...
Management
ISBN:9781305947412
Author:Cliff Ragsdale
Publisher:Cengage Learning
Management Information Systems: Managing The Digi...
Management
ISBN:9780135191798
Author:Kenneth C. Laudon, Jane P. Laudon
Publisher:PEARSON
Business Essentials (12th Edition) (What's New in...
Management
ISBN:9780134728391
Author:Ronald J. Ebert, Ricky W. Griffin
Publisher:PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:9780134237473
Author:Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:PEARSON