Can Blake withdraw his offer to buy Harry’s boat
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Blake wanted to buy Harry’s boat for $20,000 and sent his offer by text to the latter’s phone. In his offer, Blake specified that he would give Harry two weeks to decide if he would sell his boat. Harry wanted to sell the boat to Blake, but thought he would wait until the last day of the 2-week period to inform Blake. But he was so sure that he would sell it and was expecting to get paid $20,000 in two weeks that he hastily sent an offer to Ali to buy his motorcycle also for $20,000. Ali accepted Harry’s offer. One week after Blake made the offer to buy Harry’s boat, he withdrew it. Now Harry doesn’t have the money to pay for Ali’s motorcycle and Ali is insisting that he pay for it since it was already sold to him.
Can Blake withdraw his offer to buy Harry’s boat
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- Jim offered to buy James’s Porsche motor vehicle. Jim gave James 2 weeks for an answer. Two days after, Jane offered to sell her Porsche motor vehicle to Jim for which he was very excited to purchase because she had the latest model. Jim called James and told him personally that he is no longer interested in purchasing his Porsche. James is very upset, because he was keen to sell. He is of the view that Jim cannot withdraw his offer because the two weeks has not elapsed. He knows that you are a business law student at Open Campus and sought your advice on the matter. Advise James. Will your answer be the same, if Jim failed to communicate to James within the two weeks that he no longer is interested in purchasing James’s Porsche motor vehicle and James accepted on the last day of the end of the two weeks? Required to use the IRAC* method to answerJim offered to buy James’s Porsche motor vehicle. Jim gave James 2 weeks for an answer. Two days after, Jane offered to sell her Porsche motor vehicle to Jim for which he was very excited to purchase because she had the latest model. Jim called James and told him personally that he is no longer interested in purchasing his Porsche. James is very upset, because he was keen to sell. He is of the view that Jim cannot withdraw his offer because the two weeks has not elapsed. He knows that you are a business law student at Open Campus and sought your advice on the matter. Advise James.Will your answer be the same, if Jim failed to communicate to James within the two weeks that he no longer is interested in purchasing James’s Porsche motor vehicle and James accepted on the last day of the end of the two weeks?On January 21 Cam came into the showroom and offered Alf £300,000 for the Porsche. Alf told Cam that he would consider his offer and get back to him. On January 22 Alf phoned Cam and said he would definitely accept £350,000 for the Porsche. Cam requested time to think about his decision. Alf told Cam that for payment of £100 he would hold the offer to Cam open, and not accept an offer from anyone else, until 12 noon on January 26. Cam paid Alf £100. At 11.45 am on January 26 Cam phoned Alf. Alf then told Cam that he couldn’t have it because it was already sold to someone else. Alf then said he was nevertheless agreeing to buy the Porche for £350,000 since he’d paid Alf not to sell to anyone else before the 12 noon deadline. Which TWO of the following statements regarding the Porsche are correct? A Alf has a right to the Porche because he agreed to buy it before the 12 noon deadline B When Alf sold the the Porche to someone else he was in breach of the collateral contract with Cam C…
- 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.Client Claire explicitly instructed Agent Jamie not to present her with any offers for her home that came in lower than $150,000. In the days after that conversation, three offers were made: one for $152,000, one for $160,000, and one for $145,000. Which of these offers should Agent Jamie present to Client Claire? only the $160,000 offer the $145,000 offer and the $152,000 offer the $152,000 offer and the $160,000 offer All of then1) Jim offered to buy James's Porsche motor vehicle. Jim gave James 2 weeks for an answer. Two days after, Jane offered to sell her Porsche motor vehicle to Jim for which he was very excited to purchase because she had the latest model. Jim called James and told him personally that he is no longer interested in purchasing his Porsche. James is very upset, because he was keen to sell. He is of the view that Jim cannot withdraw his offer because the two weeks has not elapsed. He knows that you are a business law student at Open Campus and sought your advice on the matter. Advise James. Will your answer be the same, if Jim failed to communicate to James within the two weeks that he no longer is interested in purchasing James's Porsche motor vehicle and James accepted on the last day of the end of the two weeks?
- Jim offered to buy James' porche motor vehicle. Jim gave James 2 weeks for an answer, two days after, Jane offered to sell her porche motor vehicle to Jim for which he was very excited to purchase because she had the latest model. Jim called James and told him personally that he is no longer interested in purchasing his porche. James is very upset because he was keen to sell. he is of the view that Jim cannot withdraw his offer because the 2 weeks has not elapsed. he knows that you are a business law student and sought your advice on the matter. Advise James. Will your answer be the same, if Jim failed to communicate to James within the two weeks that he no longer is interested in purchasing James' porche motor vehicle and James accepted on the last day of the end of the two weeks? Please answer using the IRAC model.b) Johnson is an estate agent and he has been asked by his client to sell for him three products A,B and C.He agrees to pay him 5% commission on each sale and specifies certain conditions: the state agent must sell property A first within 60 days. If and when A is sold, the agent receives a commision on that sale. He can then either back out at this stage or nominate and try to sell one of the remaining two properties within 60 days. If he does not succeed in selling the nominated property at that period,he is not given the opportunity to sell the other. If he does sell it in that period, he is given the opportunity to sell the third property on the same conditions. The following table summarises the prices, selling costs (incurred by the sales agent whenever a sale is made) and the estate agent's estimated probability of making a sale. Property i. ii. A B price of property 12,000 C 25,000 50,000 selling costs probability of sale 400 225 0.7 ( 0.6 0.5 450 Draw up an appropriate…Tom decided to sell his old house, and purchase a new house that is closer to his work. He put his old house on the market, and after eight months he received an offer from Jennifer. After a short negotiating process, Tom agreed on the selling price. However, because he has not purchased a new home yet, he decided to postpone the closing sale for another five months. Jennifer was not happy with Tom’s decision because of the inconvenience of having to wait that long, and the challenges of getting a bank to guarantee an interest rate for a loan that is so far in advance. To easer Jennifer’s concerns, Tom adjusted the price so Jennifer would agree with the postponement. She agreed on the adjusted price but she would have preferred to close the deal sooner rather than later. Two months later, Tom found a home that met his requirements. The seller of the house, Lisa, set the asking price at $250,000, which was $20,000 above what Tom hoped to pay but $10,000 below the most he would be…
- Edward and Tony are fraternity brothers. Edward has a dinner party to celebrate getting a new job. Tony helps Edward out with the dinner party, coming 3 hours before, helping with cooking, buying the ingredients for the dinner, and party set up, and staying after, to help with clean up after. The next day, Edward promises Tony that Edward will pay Tony $100 because of all the help Tony provided the day before at the dinner party. Is Edward's promise enforceable? Why or why not?Suppose Suzanne offered to sell you her boat on Wednesday for $2,000 and gives you until Friday at 9 am to accept the offer. You then find out on Thursday from another source that Suzanne has sold the boat to another person. If you accept the offer, can you sue Suzanne for breach of contract?Steve was hired to paint the outside of Denise's house for a price of $1500. Steve showed up everyday to paint and the job was completed in about three weeks. He told Denise he would come- to pick up his payment on Thursday. On Wednesday, Denise me py noticed that one of the spots on the back of the house needed to re-done because it looked messy. When Steve asked for payment Denise refused to pay him anything telling him that he did a messy job and he would have to sue her. Steve is entitled to payment under a theory of subjective contracts. Denise will win because Steve breached the contract. Steve is entitled to payment under a theory of substantial performance. Denise will win and not have to pay anything.