Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Simon has an extensive collection of rare stamps. When Simon faces financial difficulties, he decides to sell a few of his beloved stamps. Sophie offers

Simon has an extensive collection of rare stamps. When Simon faces financial difficulties, he decides to sell a few of his beloved stamps. Sophie offers to buy a stamp and Simon accepts Sophies offer, but after Sophie pays Simon the agreed amount, Simon refuses to deliver the stamp and tries to return Sophies money to her. Sophie refuses to accept her money and instead tells Simon she wants the stamp. Which of the following statements is true?

a. Simon does not have to give Sophie the stamp because he offered to return the money Sophie paid.

b. Simon does not have to give Sophie the stamp because he changed his mind.

c. Simon has to give Sophie the stamp if Sophie sues him and requests specific performance.

d. Simon has to give Sophie the stamp and her money to reimburse her for the emotional distress caused by Simon refusing to give her the stamp.

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

Management Information Systems Managing the Digital Firm

Authors: Kenneth C. Laudon, Jane P. Laudon, Mary Elizabeth Brabston

7th Canadian edition

133156842, 9780133577099 , 978-0133156843

More Books

Students also viewed these General Management questions