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Question - Purcell was in failing health and advertised to sell his retail computing equipment business. Quentin was familiar with Purcell's business operations, he sent Purcell a detailed offer to buy for $450 000, paying $75 000 as a cash down payment, with the balance payable in instalment over two years. Purcell promptly sent an email to Quentin stating: "The price and all the other terms seem fair, except that I need substantially more cash by way of down payment--say, $125 000. Tell me how high you are willing to go "Quentin replied by email there is no way i can increase the cash payment Purcell replied the next day okay, I have thought about it and given the state of my health. I have decided to except your offer by then Quentin had heard that the business had suffered because of Purcell's declining health, and he refused to go through with the purchase. He asserted that since Purcell had refused his offer there was no deal. Is Ouentin right? Has Purcell any basis for claiming there is a binding contract with Quentin?
The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..
This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.
Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.
With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.
It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.
Company Law, Application of Law to Facts and Conclusion.
This assignment related to business law.
Answer all the questions under business law.
Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.
Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.
Business value and ethics, Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..
Advise what tax consequences arise in respect of the payments.
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