Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A wished to sell his antique toy collection for $10,000. He placed an advertisement in the newspapers. B saw the advertisement and immediately rang A

A wished to sell his antique toy collection for $10,000.

He placed an advertisement in the newspapers.

B saw the advertisement and immediately rang A to say that he would like to see the antique toy collection before deciding on whether or not to purchase it.

A told B to come and view, B asked A if he would consider selling for $8,000.

A said that he would not sell the collection for anything less than $10,000.

B said he needed a day to consider A's price.

A told him that if he agreed to buy, he should send him a text message on his cell phone within the next two days.

The next day, B sent him an email saying that he will purchase the collection from A for $10,000.

However, A seldom checks his email or even uses his laptop, and thus never sees the email.

After the second day, when A received no text message from B, A sold the antique toy collection to his neighbor for $10,000.

When B came by to A'house to collect and pay for the collection, he was surprised to hear that A had sold it off.

Discuss the legal positions of A and B under the Law of Contract.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Elementary Statistics Picturing The World

Authors: Ron Larson, Betsy Farber

7th Edition

134683412, 978-0134683416

Students also viewed these Law questions

Question

Name three healthy eating habits and three healthy exercise habits.

Answered: 1 week ago

Question

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago