Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jennifer owns a Financial Planning business MR Financial Services. The business is very successful, and Jennifer now seeks to expand it into a partnership. Dahl

Jennifer owns a Financial Planning business "MR Financial Services". The business is very successful, and Jennifer now seeks to expand it into a partnership. Dahl an accountant who has worked with Jennifer previously, is aware that Jennifer is seeking a partner for her business and offers $250,000 to enter the partnership. Jennifer is interested in this offer but explains she needs time to think about whether she and Dahl are the right fit for a partnership. Dahl says to Jennifer that if she does not hear from her before 6.00 pm the next day, she will assume the offer has been accepted. It is now past the next day 6 pm deadline and Jennifer has not communicated acceptance. In fact, Jennifer has entered into negotiations with someone else who has made a better offer to enter the partnership.

Referring to the Common Law of Contract advise whether, Dahl can enforce the contract if Jennifer refuses to proceed with the agreement? Use case references to support your conclusions. 8 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

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

Tort Law Responsibilities And Redress

Authors: John C. P. Goldberg, Leslie Kendrick, Anthony J. Sebok, Benjamin C. Zipursky

5th Edition

1543806805, 978-1543806809

More Books

Students also viewed these Law questions

Question

a. What department offers the course?

Answered: 1 week ago

Question

1. Information that is currently accessible (recognition).

Answered: 1 week ago