Confirm sale of a plane

Assignment Help Business Economics
Reference no: EM133066852

A intended to sell a plane to B. In his offer, A stated "Confirm sale of a plane. Please send 5000 pounds by telegraphic transfer." B emailed back "Confirm purchase of your plane, change of method of payment to L/C, other terms and conditions the same." A did not reply and sold the plane to another buyer at a higher price. Disagreement occurred between the two parties on whether the contract was concluded effectively. Was the contract concluded? Why?

Reference no: EM133066852

Questions Cloud

How does korea managed to continue the rapid growth : Question 1 What are the contributors to economic success of the Republic of Korea? What enabled Republic of Korea to increase in income?
What is internal rate of return : What is your Internal Rate of Return? What does this tell you about the profitability of your investment?
Calculate the individual material mix variances : Actual data for December 200X was as follows: Input data for 1,650,000 litres output of tropical fruit drink: Calculate the individual material mix variances
About millions and millions of bytes of personal data : With all the stories about millions and millions of bytes of personal data having been exposed, why is there still any faith at all on the Internet?
Confirm sale of a plane : A intended to sell a plane to B. In his offer, A stated "Confirm sale of a plane. Please send 5000 pounds by telegraphic transfer." B emailed back "Confirm purc
Detailed explanation for the dot points : Provide a detailed explanation for the dot points below:
Internet access for security purposes : Take a position on the ethical concerns raised by employees who are upset about organizations monitoring their e-mail or Internet access for security purposes.
Maximizing output for a competitive firm : -Please Describe why profit maximization doesn't imply maximizing output for a competitive firm
International discussions of global environmental : What arguments do low-income countries make in international discussions of global environmental clean-up?

Reviews

Write a Review

Business Economics Questions & Answers

  What is the forward rate between year 2 and 3

What is the forward rate between year 2 and 3 (percentage point, continuously compounded, round to second decimal place)?

  What is my nominal repayment next year

Suppose I borrow $200,000 for one year at a fixed nominal interest rate of 7 percent. What is my nominal repayment next year?  Inflation increased enexpectedly during the 1970s. Explain why this helped someone who bought a house using a 30-year mortg..

  Good trader with bad model-beat bad trader with good model

“A good trader with a bad model can beat a bad trader with a good model.” Critique MG’s failure with reference to normal backwardation model. Be very specific in pointing out what normal backwardation model entails and what MG did. Describe the proce..

  Calculate the equilibrium price and quantity of lychees

Suppose the demand for lychees is given by the following equation: Qd =4000–100P+500PM, where P is the price of lychees and PM is the price of mangoes. What happens to the demand for lychees when the price of mangoes goes up? Are lychees and mangoes ..

  Failure for a continuous-operation monitoring

The time to failure for a continuous-operation monitoring device of air quality has uniform distribution over a 24-hour day

  Production processes across the economy

Crude oil is an energy source that is integral to production processes across the economy. However, over the last two decades

  What is the market equilibrium price and quantity

Demand in a perfectly competitive market is Q = 100 - P . Supply in that market is Q = P - 10.

  How can it be used to facilitate customer service

Why is personalization becoming an important element in EC? What techniques can be to learn about consumer behavior? How can it be used to facilitate customer service? Give an example

  Explain what causes movements along the curve and shifts

You have been asked to discuss the differences between the microeconomic definitions of supply and demand and the macroeconomic differences of aggregate supply and demand. Discuss what determines supply and demand and aggregate supply and aggregate d..

  Without any trade-ernamia will produce garments of clothing

Consider two neighbouring island countries called Bertland and Ernamia. They each have 4 million labor hours available per week that they can use to produce wheat, clothing, or a combination of both. The table below shows the amount of wheat or cloth..

  Value chain activities is unlikely to be a primary building

Which of the following value chain activities is unlikely to be a primary building block in a company's organizational structure:

  Aggregate supply curve and the phillips curve

Explain the link between the aggregate supply curve and the Phillip's curve. If the natural rate of unemployment falls, how will this affect the Phillip's curve?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd