and does not pay any money?
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1
A, agrees to deliver his old CTV for Rs. 30,000 to B, an electronic dealer, in exchange for
new CTV and agrees to pay the difference in cash. Is it a valid contract of sale? What would be
your answer if he exchanges old CTV against the new CTV and does not pay any money?
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- Mohammed wants to sell his bike and he gives an advertisement. In the advertisement it is mentioned that a fastest bike is available for sale at 5000 OMR. Omar is interested in this offer and Mohammed says that it can be driven at the speed of 500km/hour in the normal roads. Omar is mesmerized by the offer and agrees buy. Question a. Is the contract in this case enforceable by law? Expluin why or why not?Q1 (a) Golden Foods (GF) agreed to supply 2,500 cans to Riaz Grocery Stores (RGS). According to the agreement, the date of delivery was 31st August 2017. However, on the due date, GF refused to supply the cans. Under the provisions of the Contract Act 1872, discuss the rights of RGS in the above situation assuming that time was the essence of the contract. (3)Q.3. Joseph requested Amos to transport his goods from Gulu to Kamapla city for the sum of 500,000. Amos replied that he was only prepared to transport the goods for 600,000/-. Joseph wrote back to Amos asking him to consider the initial price BUT Amos did not reply to his letter. Two days later, Joseph delivered the goods to the premises of Amos who transported the goods to Kampala. Joseph afterwards refuses to pay the sum of 600,000/- demand by Amos saying that there was no concluded contract. As a student with knowledge on Business law, advise the parties using relevant authorities. Elucidate the circumstances under which a valid agreement may be set aside.
- Deep South Imaging Inc., a US company enters into an agreement with Cortez Health Systems, a Mexican company. The agreement calls for Deep South to purchase 5 new MRI machines at a price of $20,000 each. The contract calls for delivery to Deep South's headquarters in Mobile, Alabama. The contract is silent as to risk of loss. When the goods arrive, Deep South is upset to see that two of the machines were damaged in transit. Deep South informs Cortez that it will not pay for the broken machines. If Cortez sues Deep South, it will likely A. Win, because the UCC requires deep south to pay pay for the goods B. Lose, because MRI machines are related to a service and therefore are not covered by the CISG C. Win, because damage to the goods does not give the buyer the right to not fulfill its payment obligations D.0 1) John emailed Jane enquiring if she is willing to sell her prized breeding dog Max to him. John is currently seeking to boost his stock of breeding dogs and knows the quality of breeding dogs that Jane currently has. He pointed out in his email to Jane, that if she agrees, for her to email to him the price she is willing to sell Max for. Jane subsequently emailed John and stated, "The lowest price she is willing to accept for any of her dog Max is $10,000". John replied immediately that he agreed to buy Max for the $10,000. The next day John visited Jane with the $10,000 and to collect his dog. However, Jane refused to give him Max. John thereafter took legal action against Jane, because he was of the view that he had a valid agreement for the purchase of Max. Advised Jane on whether or not a valid agreement existed between John and her.Kwaku Issaka is a 14-year boy from a wealthy home. On 21st May 2021, Kwaku Issaka entered a shop in Accra to purchase the following items: PlayStation 5 iPhone 13 Three pairs of men’s formal shoes made by Alexander Kwaku Issaka did not have enough money to pay for all the items at once. He, therefore, entered into an agreement with the shop owner, Mr. Boateng, to pay the outstanding amount owed in five installments. However, after paying the first installment, Kwaku Issaka fell into arrears. The two parties then entered into another agreement under which Kwaku Issaka was to work for Mr. Boateng for a year without any salary for Kwaku Issaka’s debt to be forgiven. Kwaku Issaka has started working, but the work is affecting his school activities to the extent that he was last in his class. Kwaku Issaka’s parents have approached you as a renowned expert in contract law to assist them. Advise them accordingly. Your solution should follow the IRAC Principle is an acronym which depicts,…
- 4. Abdullah promises to pay Said OMR 500 for attempting his online final exam. Said attempts the final exam. Afterwards, Abdullah refuses to pay Said for his services. A. Can Said recover the money? B. Why or why not?The following situations generally require a contract to be in writing: • sales of land • purchases of goods over $500 • promises made in consideration of marriage ⚫ contracts that cannot be completed in less than one year • a contract in which one person promises to pay the debt of another person This legal concept is known as offer and acceptance promissory estoppel the statute of frauds et lux perpetua luceat eisFacts: You offered to sell your automobile to Wil for P100,000.00. After inspecting the automobile, Wil offered to buy it for P80,000.00. This offer was accepted by you. The next day, you offered to deliver the automobile, but Wil being short of funds, secured postponement of the delivery, promising to pay the price “upon arrival of the steamer”. The steamer however never arrived because it was wrecked by a typhoon and sank somewhere off the Coast of Samar. Question: Is there a perfected contract in this case? Why or why not?
- Jayzam is a resident of Manila. He is also an export trader of chicks to a particular retailer in China. Over the years of his partnership with the Chinese retailer, he has accrued a total of Php 1,000,000 in liabilities. The Chinese retailer has an agent in Manila, and Jayzam has paid the agent in check for the amount of Php 1,000,000 upon demand. The check was determined to be “drawn against insufficient funds”. For the amount of Php 2, the Chinese retailer assigned the credit to Cami11e, who sued Jayzam for the recovery of Php 1,000,000. Jayzam filed a motion to dismiss the suit on the ground that Cami11e was not an interested party and therefore, has no legal right to sue him. Jayzam also asserts that he had not agreed to the change in creditor. Is Jayzam correct in his assertion? Include legal basis/bases in your answers.The sale or transfer of a partner's transferable interest is a(n) act of the partner. Multiple Choice involuntary state-mandated voluntary federally mandatedABC Co. signed a contract to export 200 M/T of beans. The letter of credit stipulated, "Partial shipment not allowed". When the shipment was being made, the exporter loaded 100 M/T each on board the same vessel for the same voyage at the port of Shanghai and the port of Dalian. The shipment document was clearly marked with the ports of shipment and the dates of shipment. Did the exporter violate the terms of the L/C?
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