Find necessary assumptions in the alternative

Assignment Help Business Management
Reference no: EM133199829

Respond fully using all relevant legal concepts and theories making any necessary assumptions in the alternative.

Pinder made an offer to Young as follows: "I offer to sell you 50 shares of stock in MAM Industries (a family corporation not publicly traded). The stock was sold by others recently at $319. If you will buy 10 shares at that price, I will give you 20 days to decide whether you want to buy the balance at the same price." Young agreed, and paid Pinder for 10 shares. Three days later the price of MAM was sold to others for $350. Young decided to buy the other 40 shares, but when he called Pinder's office, he learned that Pinder had been killed in an automobile accident just a few moments before he called. Two weeks later, Young notified Pinder's executor of his acceptance. 

The executor claims that the offer to sell the remaining 40 shares was revoked by Pinder's death. 

Is he correct? 

Was there a contract between Pinder and Young? Explain fully.

Reference no: EM133199829

Questions Cloud

Locate the doctrine in the ucc : The doctrine of "accommodation" is unique to the UCC and is entirely inconsistent with the Common Law of contracts. Please read the following: An intelligent Ap
Why did webvan fail and does instacart have better prospects : Why did Webvan fail? Does Instacart have better prospects for survival? Is Peapod a better point of comparison to Instacart's business model?
Describe the privacy issues : 1. Describe the privacy issues, which was associated with Ring, and explain how Amazon and its customers solved the problem.
Sole proprietorship or a partnership business : University of Toronto - describes the legal obligations that are required to be fulfilled when creating a business. Explain the term "unlimited liability"
Find necessary assumptions in the alternative : Respond fully using all relevant legal concepts and theories making any necessary assumptions in the alternative.
Essay on the subject Benefits of Strategic Planning : I need an essay on the subject "Benefits of Strategic Planning". It allows organizations to be proactive rather than reactive
Develop a plan for incorporating csr : California state university Northridge - understand you are taking a Corporate Social Responsibility course at CSUN. I'm very interested in seeing
Individual customer details on that stock item : 1. Category A Stock: being stock for which a customer has paid in full, where there is sufficient stock held at the warehouse to fulfil the customer's entire or
Constructs underlying competitiveness and quality : Contrast the following constructs underlying competitiveness and quality relative to the United States, Japan, and Germany:

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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