Question
Question 1 Case scenario: Daniel runs a coffee shop and decides that he no longer needs his spare cappuccino maker. Then he places an advert
Question 1
Case scenario: Daniel runs a coffee shop and decides that he no longer needs his spare cappuccino maker. Then he places an advert on the notice board in his coffee shop 'For sale, a cappuccino maker, $145'. Richard sees the advert and decides that he will buy the cappuccino maker. He approaches Daniel and offers to purchase it for $100. Daniel refuses to accept $100 and says 'No way - do you want to buy it for $130?' Two days later Richard offers $70, as Paul, who runs another coffee shop down the road, is selling an identical cappuccino maker for $72. Daniel responds 'I will accept your earlier offer of $100'.
On the basis of the above case scenario, analyze whether Daniel can legally force Richard to buy the cappuccino maker at $100.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started