About the binding agreement

Assignment Help Operation Management

Reference no: EM131656024

U is desirous to purchase N's car. He wrote to Non Wednesday 26th October 2016, offering to buy his car for $120, 000 and indicated that if he does not get an answer from N by the weekend, he will consider that they have a binding agreement.

N got another offer from Kon Monday 31st October 2016, for a more attractive price and sold the car to K. U is very upset and wants to take legal action against N. He is of the view that they had a binding agreement, because N did not respond to his offer over the weekend and as such he concluded that N accepted his offer thereby creating an agreement. Advise U.

Will your answer be different, if both parties had prior dealings on similar matters?

Reference no: EM131656024

Questions Cloud

The practice of courage in the history of civilization : The essay should include origins of courage, the practice of courage in the history of civilization, the contemporary meaning of courage.

Produce a new addition to their product line : Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to their product line.

Customers using the alternate shipping and delivery method : What is the total cost of shipping to all customers using the alternate shipping/delivery method?

Forthcoming changes to the hospital information systems : How do you think the CEO should best address staff about the forthcoming changes to the hospital's information systems?

About the binding agreement : U is desirous to purchase N's car. He wrote to Non Wednesday 26th October 2016, he will consider that they have a binding agreement.

Some organizations have what is referred to as toxic culture : Some organizations have what is referred to as "toxic culture".

Example of the three different-specific types of objectives : Find me an example of the three different, specific types of objectives.

Critical to the success of physician practice : Which leadership style do you think is critical to the success of a physician practice and why? Provide at least two examples.

Compute labor productivity under each system : Compute labor productivity under each system. Use carts per worker per hour as the measure of labor productivity.

User Account

All Pages