Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Problem Solving Contract Formation Offer and Acceptance Dave, a billionaire, is selling his large collection of luxury cars. Fred, his assistant, is helping him with

Problem Solving Contract Formation Offer and Acceptance Dave, a billionaire, is selling his large collection of luxury cars. Fred, his assistant, is helping him with this task. Bill, Daves uncle, hears of this and has always wanted the one Maserati in Daves collection. Bill writes to Dave and says: I will give you $200,000 for the Maserati. If I hear nothing from you by next Saturday, I will consider it mine. Fred does not know of the letter from Bill and sells the Maserati to Sally. When Bill finds out, later, he is furious and demands the car be delivered to him because Dave has not rejected his offer and the deadline in his letter has expired. Required: Explain, with reasons, whether Bill has a right in law, to demand that the Maserati be delivered to him.

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

Risk Management And Financial Institutions

Authors: John C. Hull

3rd Edition

1118269039, 9781118269039

More Books

Students also viewed these Finance questions

Question

Subtract \(\left(5 x^{2}+4 x-9 ight)-\left(3 x^{2}-x+12 ight)\).

Answered: 1 week ago