Ghani inherited a 1967 Volvo 122s from his late father, but he is not very interested...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Ghani inherited a 1967 Volvo 122s from his late father, but he is not very interested in the car. One of his friends, Fuad came to know about the car and send a message to Ghani which read 'Will you sell your Volvo 122s to me? Please tell me the lowest price you are willing to accept'. Ghani wrote a reply stating RM30,000 is the lowest price for the Volvo'. Fuad responded to this by texting I agree to buy your Volvo 122s for RM30,000.' Ghani did not read this message. When Fuad didn't receive any news from Ghani, he assumed that he had a contract for the sale of the car and went to Ghani's house to collect the car. Fuad was surprised when Ghani told him that he has sold the car to his next-door neighbor for RM40,000. Fuad wishes to sue Ghani claiming that they already have a contract. Advise Fuad whether he will be successful. (12 marks) . State the Issue: Explain the Rule: (What are the relevant rule and case laws that are applicable for this case? Explain - 6 Marks) Apply and Conclude: (How do you apply the rules/cases stated above to the facts of the case given? - 6 Marks) ● . Ghani inherited a 1967 Volvo 122s from his late father, but he is not very interested in the car. One of his friends, Fuad came to know about the car and send a message to Ghani which read 'Will you sell your Volvo 122s to me? Please tell me the lowest price you are willing to accept'. Ghani wrote a reply stating RM30,000 is the lowest price for the Volvo'. Fuad responded to this by texting I agree to buy your Volvo 122s for RM30,000.' Ghani did not read this message. When Fuad didn't receive any news from Ghani, he assumed that he had a contract for the sale of the car and went to Ghani's house to collect the car. Fuad was surprised when Ghani told him that he has sold the car to his next-door neighbor for RM40,000. Fuad wishes to sue Ghani claiming that they already have a contract. Advise Fuad whether he will be successful. (12 marks) . State the Issue: Explain the Rule: (What are the relevant rule and case laws that are applicable for this case? Explain - 6 Marks) Apply and Conclude: (How do you apply the rules/cases stated above to the facts of the case given? - 6 Marks) ● .
Expert Answer:
Answer rating: 100% (QA)
Issue Whether Fuad can sue Ghani for breach of contract and claim damages as he believes that he alr... View the full answer
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
Students also viewed these accounting questions
-
Kim Distribution Services (KDS) distributes food purchased in bulk to small retailers. The firm is divided into two divisions: Purchasing and Distribution. Purchasing is responsible for ordering...
-
A closed cylinder is divided into two rooms by a frictionless piston held in place by a pin, as shown in Fig. P5.138. Room A has 10 L air at 100 kPa, 30C, and room B has 300 L saturated water vapor...
-
An insulated rigid tank is divided into two compartments of different volumes. Initially, each compartment contains the same ideal gas at identical pressure but at different temperatures and masses....
-
At December 31, 2014, the records of Seacrest Enterprises provided the following selected and incomplete data: Required 1. Complete the following: Shares issued ___________ Shares outstanding...
-
Coakley Company acquired 30% of the outstanding common stock of Ginger Inc. on January 1, 2012, by paying $1,800,000 for 60,000 shares. Ginger declared and paid a $0.50 per share cash dividend on...
-
Can you think of once-successful firms that were forced to radically redesign their businesses based on technology change? How did the firms in your list fare with the new model-better or worse than...
-
What is meant by the limited liability of a stockholder? Does this characteristic enhance or reduce a corporation's ability to raise capital?
-
Jane has just been appointed as purchasing manager of Tacoma Technologies Corp. The previous purchasing manager, who recently retired, was known for his winner-take-all approach to suppliers. He...
-
I need help on the T account, journalize august transactions and trial balance please Using T-accounts, enter the beginning balances to the ledger. Cash Accounts Receivable Supplies >
-
Axon Corporation, which has three divisions, is preparing its sales budget. Each division expects a different growth rate because economic conditions vary in different regions of the country. The...
-
If 8x-11 f(x) 2x-3 for all x on the interval, 0 x 4, then lim f(x) is x-2 (A) -11 (D) 21 (B) -3 (E) 5 A (C) 29
-
1. Suppose a monopolist Fp in the burgers market produces patties (p) at zero cost and the demand for patties is given by: = Qp-1-Pp-P where Qp is the quantity of patties demanded, P is the price of...
-
An object moving in a liquid experiences a linear drag force: B = (bv, direction opposite the motion), where b is a constant called the drag coefficient. For a sphere of radius R, the drag constant...
-
A standing wave is produced by a wave = (2.50 cm)cos [(3.34 cm )x - (2.33 st] moving to the right and a wave y = (2.50 cm)cos [(3.34 cm-)x+ (2.33 s-)] moving to the left. At what location on the...
-
15a. An electron is launched at a a=46.9 angle and speed of 4.17E+6m/s from the positive plate of the parallel plate capacitor shown. If the electron lands d=7.80cm away, what is the electric field...
-
1. Consider the following game: Burger King Low Price Status Quo Heavy Advertising McDonalds Low Price Status Quo Heavy Advertising 60,35 65, 20 55,45 40,40 60,40 45,55 55,45 60,30 60, 40 a) Who are...
-
At the beginning of the year, Kurtz Affiliates bought three used machines. The machines Immediately were overhauled, were installed, and started operating. Because the machines were different, each...
-
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
-
Materials are added at the beginning of the production process at Campo Company. Campo uses a FIFO process costing system. The following information on the physical flow of units is available for the...
-
West Coast Designs produces three products: super, deluxe, and generic. Super and deluxe are its main products; generic is a by-product of super. Information on the past months production processes...
-
Graham Petroleum produces oil. On May 1, it had no work-in-process inventory. It started production of 244 million barrels of oil in May and shipped 216 million barrels in the pipeline. The costs of...
-
Which of the following techniques involves the creation and use of a pair of public and private keys? a. hashing c. symmetric encryption b. asymmetric encryption d. key escrow
-
Which of the following is a preventive control? a. penetration testing c. training b. patch management d. log analysis
-
The approach to perimeter defense that involves examining only information in the packet header of each individual IP packet is referred to as a. deep packet inspection c. stateful packet filtering...
Study smarter with the SolutionInn App