Identify the nature of the mistake

Assignment Help Business Management
Reference no: EM131100871

The plaintiff agrees to supply the defendant's building company with 2 tonnes of cement. During the negotiations the plaintiff agreed to supply at the price of $ 800 per tonne. The sales contract, prepared by the plaintiff, inadvertently states that the price is ‘$800' rather than ‘800 dollars per tonne'. When the plaintiff signs the contract he does not check that the price stated is per tonne. The defendant company seeks to defend a claim for payment of $ 1,600 on the grounds that the plaintiff is bound by the document signed to accept $ 800 for the cement.

Identify the nature of the mistake, and then determine if it is operative and state the consequences for the parties concerned.

Reference no: EM131100871

Questions Cloud

Find the price of a call option on the stock : The current price of a stock is $15. In 6 months, the price will be either $18 or $13. The annual risk-free rate is 6 percent. Find the price of a call option on the stock that has an exercise price of $14 and that expires in 6 months.
Discuss the accuracy of these results : Explain what these areas mean. Discuss the accuracy of these results and how they relate to your desired career path. you will need to correctly cite MY PLAN in each paragraph.
Case of nash vs iman : The Case of Nash vs Iman is a landmark case based on the issues of the law as it relates to a Minors.
Find the price of a call option on the stock : The current price of a stock is $20. In 1 year, the price will be either $26 or $16. The annual risk-free rate is 5 percent. Find the price of a call option on the stock that has an exercise price of $21 and that expires in 1 year. (Hint: Use daily c..
Identify the nature of the mistake : Identify the nature of the mistake, and then determine if it is operative and state the consequences for the parties concerned.
Review the information on relational database models : Review the information on relational database models in the course text, Coronel, C. & Morris, S. (2015). Database systems: Design, implementation, and management (11th ed.). Stamford, CT: Cengage Learning.
Hypothesis for a hypothetical business problem : Develop a research question and a hypothesis for a hypothetical business problem of your choice. Explain the management dilemma, or the business problem that the research would attempt to solve.
Important to the development of postformal thought : Rather than ending at adolescence, we know our cognitive development continues into adulthood with most theorists suggestion that adult thinking is just a consolidation of earlier acquired skills
Question regarding the international markting : 1. How can ?rms maximize the opportunities offered when foreign governments act as facilitators of involvement? 2. How can ?rms minimize the inconvenience to their international operations when foreign governments act as regulators of inter..

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