Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

It was 50 marks. Kindly help explain in detail. Thanks 2. Kevin met Samantha. He told her that he wanted to buy her painting for

image text in transcribed

It was 50 marks. Kindly help explain in detail.

Thanks

2. Kevin met Samantha. He told her that he wanted to buy her painting for RM5,000. Samantha responded by saying "I will think about it". Later Samantha told Kevin that she would sell the painting for RM7,000. Kevin replied he did not want the painting. One week later, Kevin received a bonus from his employer. He immediately contacted Samantha and told her that he would pay her asking price (RM7,000). Samantha refused to give Kevin the painting, saying the price had now gone up to RM10,000. Discuss whether Samantha is bound by any contract to sell the painting to Kevin for RM7,000. Make references to relevant case laws and legislation to support your discussion. (50 marks)

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_2

Step: 3

blur-text-image_3

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

Essentials Of Corporate Fraud

Authors: Tracy L. Coenen

1st Edition

047019412X, 978-0470194126

More Books

Students also viewed these Accounting questions