Valerie spots a rosewood bookcase in an antique shop owned by Jim and Belinda, which has a price tag of $4000. Valerie approaches Jim and tells him that she will take the bookcase for $2000. Jim says that it isn't possible but how about $3000? Valerie says no, how about $2,500? Jim says no again, and he tells Valerie that his lowest price is $3000. Valerie does not reply that she will accept the bookcase for $3000 and she steps away from Jim to take a call on her mobile phone. While Valerie is talking on her mobile phone, Jim turns to serve another customer Isabella. After finish talking on her mobile phone, Valerie then turns to pay for the bookcase, but Jim says he has already sold it to Isabella for $4000. Valerie is furious and says that she and Jim had a contract, and the bookcase was hers.

As between Valerie and Jim, who made the offer? (4 marks)

As between Valerie and Jim, who accepted the offer and was the acceptance valid? (3 marks)

Jim's wife Belinda runs the rare stamps section of the business and conducts much of the business through the post. On Monday, she wrote separate letters to two of her regular customers, Eddie and Joseph, offering to sell them some rare stamps for $1500. Eddie received Belinda's letter at 5 pm on Tuesday and immediately posted a letter of acceptance to Belinda on Wednesday at 9 am. Joseph also received Belinda's letter of offer on Tuesday, and went to Belinda's shop at 10 am on Wednesday and happily bought the rare stamps. On Thursday, Belinda received Eddie's letter of acceptance and consequently Belinda telephoned Eddie and informed him that she had already sold the stamps to Joseph. Eddie is certain that he is entitled to the stamps.

3. Is Eddie correct to say that he is entitled to the stamps by arguing that his letter of acceptance was effective? (3 marks)

Jim and Belinda frequently exhibit their rare stamps and antique collection to promote their business. Belinda asks one of her sisters, Nicky who is looking for a job to organise and exhibit their collection. Belinda is overjoyed with Nicky's performance and she does not want Nicky to stop helping her. A couple of months later, Nicky receives a good job offer from the National Philatelic Gallery. Belinda tells Nicky that if she stays to work for her until the end of the current exhibition, she will "give her some of the rarest stamps in her collection that are worth a lot of money". Nicky agrees to give up her good job, so Belinda asks her lawyer to record her promise in a written agreement. A month after the exhibition has ended, Belinda refuses to hand over the rarest stamps to Nicky and she tells Nicky that agreements between family members are not binding.

4. Can Nicky enforce the agreement against her sister, Belinda? (5 marks)

Jim has been hiding a secret from Belinda that he has a girlfriend, Sheena for the last 5 years. They met when they were enrolled in a website design class. Jim has been spoiling Sheena by giving her a lot of money every month. Recently, they have been quarrelling a lot and Jim has decided to recover the money he has given to Sheena. He says to his lawyer that the money had been a loan, not a gift. Sheena disagrees and claims that the money had been a gift. After they have calmed down, they meet up to patch things up. Jim and Sheena draft and sign a document before Jim gives it to his lawyer to formalize it. In the document, Jim agrees that he will not recover the money he has given to Sheena, but that Sheena is to help him in his online business that has not been doing well. In exchange for Jim's promise, Sheena agrees to help Jim with his online business because Jim needs Sheena's website design skills to improve his online business.

5. Has Sheena given valid consideration for Jim's promise? (5 marks) 2

consideration

: 26 01 30 Question 28 (1 point) Saved The Canada Pension Plan (CPP) and the Quebec Pension Plan (QPP) are: O A) mandatory plans. O B) optional, mandatory, and contributory plans. ( C) optional plans. OD) contributory plans. E) mandatory and contributory plans.What are the two types of agencies and where do they receive their power and duties? Oa. International agencies receive their power directly from the president and Congress. Domestic agencies also receive delegated power and authority from the president and Congress. Ob. Executive agencies receive their power delegated from the executive branch (the president). Independent agencies receive their power as delegated from Congress. c. Economic agencies receive their power as delegated from the president and Congress. Independent agencies also receive their power as delegated from the president and Congress 1 points Save Answer QUESTION 9 Why are precedents and the policy of stare decisionportant to businesses? Oa. They allow precedent to be overturned if undesirable. Ob. They allow business to better anticipate and predict the conduct of others and the likely outcomes of legal disputes. c. They allow for the fair regulation of business.Question 1 3 pts Administrative agencies make statutes, O True O False Question 2 3 pts An administrative agency is usually created by O the issuance of a decision by the U.S. Supreme Court. O the promulgateon of a regulation by the appropriate administrative agency. O All the answers are correct. O the passage of enabling legislation by Congress O the issuance of an executive order by the President. Question 3 3 pts In order for a proposed constitutional amendment to become part for the U.S. Constitution, it must be ratified by three-fourths of Congress. O True O FalseCity of San Diego monitors the water treatment plant effluent for turbidity, disinfection byproducts, etc. and submit the monthly report to ........ agency. Question 2 10 p Helix Water District samples source water for total coliform, fecal coliform and EColi and submit monthly reports to .......agency