Paris and spends several months of the year

Assignment Help Cost Accounting
Reference no: EM132106934

In January, Sally, a top fashion diamond jewellery designer who lives in London, met Harry, a rich diamond buyer, also from London, at a diamond exhibition in Paris. Over a lovely lunch, they discussed what they had seen at the exhibition and established a good friendship and agreed to stay in touch. Harry has a house in London and a house in Paris and spends several months of the year in each.

They start writing regularly to each other and in May, Harry writes to Sally saying that he really likes her ring designs, especially one with a blue diamond and would love to have it. Sally replies by mail and says that she's delighted that he likes it and can supply it to him but that another buyer is interested in it and she must have a reply from him confirming his interest within three (3) days. He replies the next day by post saying that he accepts her offer and will pay her $100,000. The letter is delayed and Sally ends up selling the ring to the other buyer.

With reference to relevant case law discuss whether:

  • there is a contract and, if so, who made the offer

It would make any difference if Harry, worried about possible delays in the postal

Reference no: EM132106934

Questions Cloud

At what price would you expect to find the stock selling : Assume that two companies in the same industry have equal earnings. At what price would you expect to find the stock selling on the market
What is the average length of the pick-up line : What is the average length of the “place order and pay the cashier” line? What is the average length of the “pick-up” line?
Pros and cons of trans-pacific partnership trade agreement : How do the activities of data mining and predictive analytics work together? What are the pros and cons of the Trans-Pacific Partnership trade agreement?
What was the outcome : This could be a business meeting, church meeting, or even a family budget meeting. How were the costs analyzed? What was the outcome?
Paris and spends several months of the year : Harry has a house in London and a house in Paris and spends several months of the year in each.
What is the average inventory during the current year : What is the average inventory during the current year for a company with an average inventory of $209,000 in the previous year and an inventory turnover of 6
Share two new insights about constitutional law : Identify one of the many Websites you visited during this course that you enjoyed or found most helpful to you. Explain why it was beneficial to you.
Plot the production possibilities frontier : The following table shows scores that a student can earn on two upcoming exams, according to the amount of time devoted to study.
Different types of assaults and attacks over the recent year : San Jose State University has experienced many different types of assaults and attacks over the recent years.

Reviews

Write a Review

Cost Accounting Questions & Answers

  Cost accounting assignment

Evaluate Method of measuring costs associated with production, budgeting process, normal job-order costing system , master budget, cycle time.

  Prepare the journal entries

Prepare the journal entries to record the bond issue and interest expense.

  Advise as to the liability of all the parties

Write a report on given case study and Advise as to the liability of ALL the parties both under common law and the Corporations Law.

  Prepare revenues budget

Prepare Revenues budget and Production budget in units

  Effect of exchange rate changes on cash and cash

Effect of exchange rate changes on cash and cash

  Corporate governance

You are to reflect on how this case of China Sky relates to what the arguments for and against allowing audit firm partners and/or employees to join audit committees.

  Cost-benefit analysis

A cost-benefit analysis of electronic medical records in primary care

  Non-annual interest rates and annuities

Theory of Interest- Non-annual interest rates and annuities

  Job costing in service organizations

How is job costing in service organizations different from job costing in manufacturing environments?

  Accounting for bad debt expense

Accounting for bad debt expense

  Accounting and partnership problems

Accounting and Partnership problems

  Development of relevant cash flows

Development of relevant cash flows - Cost estimating and financial analysis

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