Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Professor Balkaran wants to sell his Bugatti Car and advertises it in the local FIU newspaper at $ 1 , 3 7 0 , 0

Professor Balkaran wants to sell his Bugatti Car and advertises it in the local FIU newspaper at $1,370,000, giving his telephone number, one of his students at FIU sees the advertisement and rings Professor Balkaran and makes an appointment to see the car. Student A likes the car but cannot agree a price with Prof. Balkaran, his highest offer being $1,250,000. while Professor Balkaran insists on $1,370,000. On the following Monday, Professor Balkaran sends a letter from Student A offering him the car for $1,300000 and says that Student A can have until 12.00 pm-noon on Friday to think about the new offer. On Wednesday evening another Student from Professor Balkaran LAW 250 Class meets Student A at South Beach and informed Student A that he bought the car earlier that day for $1,367,000. Student A goes straight home and writes a letter to Professor Balkaran, with intent to sue based on a basis of breach contract. He posts the letter immediately and Professor Balkaran receives it on Thursday morning but replies by return saying "You are too late. I have sold the car to someone else." Please advise Student A on his legal remedies.

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

Secured Finance Transactions

Authors: Dominic RM Griffiths

2nd Edition

1787425142, 978-1787425149

More Books

Students also viewed these Finance questions

Question

3. Identify cultural universals in nonverbal communication.

Answered: 1 week ago