Definite enough allow leftkowitz to tender valid acceptance

Assignment Help Financial Management
Reference no: EM131865715

The Great Minneapolis Surplus Store published the following advertisement in a Minneapolis newspaper: Saturday 9 a.m. 2 Brand New Pastel Mink 3-Skin Scarfs selling for $89.50 now selling for $1.00 each. 1 Black Lapin Stole worth $139.50 will sell for $1.00. First Come First Served. Leftkowitz, the first customer admitted to the store on Saturday, tried to buy the Lapin stole. The store refused to sell it to Lefkowitz, stating that the offer was for women only. Leftkowitz sued.

Was the offer definite enough to allow Leftkowitz to tender a valid acceptance? Explain your answer using the law you learned. (i.e. If there was a valid offer, explain why the offer meets the elements of an offer. If there was no valid offer, explain why the advertisement does not meet the elements of an offer. If there was a valid acceptance, explain why the acceptance meets the elements of an acceptance, if there was no valid acceptance, explain why Leftkowitz's actions did not meet the elements of an acceptance.)

Reference no: EM131865715

Questions Cloud

Whats the most she should pay for this annuity today : Your client can buy an annuity that pays her $5,000 monthly for 10 years. The first payment will be received when she retires five years from now.
What is the probability that the installer arrives : What is the probability that the installer arrives when you are gone? Round your answer to 4 decimal places.
What proportion of z-values are expected : What proportion of z-values are expected to be less than -0.20 or greater than 1.90? Your answer should be out to four decimal places.
Journalize the entries to correct the errors : Journalize the entries to correct the following errors: A receipt of $3,892 from Fees Earned was recorded and posted as a debit to Fees Earned
Definite enough allow leftkowitz to tender valid acceptance : Was the offer definite enough to allow Leftkowitz to tender a valid acceptance?
What did you learn regarding compensation from the article : Navigate to the University of Pennsylvania's Wharton School of Business Website and review any article covering executive compensation from years 2013- 2018.
Calculate the amount and percent change for sales : Using horizontal analysis, calculate the amount and percent change for sales. Round percentages to one decimal place
Germany economy to expand or contract : If the value of the euro goes from $1.05 US dollars to $1.35 US dollars, would you expect Germany’s economy to expand or contract,
What is camille adjusted gross income : Camille Sikorski was divorced in 2016. She currently provides a home for her 15-year-old daughter, What is Camille's Gross Income

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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