Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you explain this case in two to three paragraphs ,with at least 3 cases to support your explanation please. On Monday 1st May, an

Can you explain this case in two to three paragraphs ,with at least 3 cases to support your explanation please.

On Monday 1st May, an advertisement appeared in a newspaper called the Money

Times. It advertised a sale of shares in Goldspec plc. (Goldspec), a gold mining

company. Daria saw the advertisement on the day of its publication. She immediately

completed the application form contained in the advertisement, and posted her request for

10,000 shares at 1 per share. Together with the application form, she enclosed her

cheque for 10,000. Darias application form and cheque were received by Simon,

Goldspecs company secretary, on Wednesday 3rd May. Simon sent the share certificates

by post to Daria on the same morning.

During the night of Monday 1st May, Daria began to have doubts about the wisdom of

her purchase. On Tuesday 2nd May, she sent a letter to Goldspecs Company secretary,

withdrawing her offer to purchase the shares. On Thursday 4th May, it was reported in

the press that Goldspec had discovered a major new seam of gold in one of its South

African mines. That evening, Simon attempted to telephone Daria to inform her that

Goldspec no longer wanted to accept her application for the purchase of shares. Daria

was not available and so Simon left a message on her telephone answering machine,

stating that Goldspec withdrew its acceptance of her application and that the company

required her to return the share certificates as soon as she received them.

Daria heard about Goldspecs discovery of a new seam of gold on the 6 oclock news

that evening. She consequently decided to proceed with the purchase of the shares.

Darias letter purporting to revoke her offer of 1st May was received by Simon on Friday

5th May at 9.00 am. At 10.00 am (on Friday) Daria received her share certificates in the

post. At 10.30 am she heard Simons demand for the return of the share certificates on

her telephone answering machine.

Advise Daria as to whether she is entitled to keep the 10,000 Goldspec shares.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Environmental Regulation Law Science And Policy

Authors: Robert V. Percival, Christopher H. Schroeder, Alan S. Miller, James P. Leape

9th Edition

1543826164, 978-1543826166

More Books

Students also viewed these Law questions

Question

1. Background knowledge of the subject and

Answered: 1 week ago