1) Jim offered to buy James'sPorsche motor vehicle. Jim gave James 2 weeks for an answer. Two days after, Jane offered to sell herPorsche motor vehicle to Jim for which he was very excited to purchase because she had the latestmodel. Jim called James and told him personally that he is no longer interested in purchasing hisPorsche.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'sPorsche motor vehicle and James accepted on the last day of the end of the two weeks?

Uing IRAC model