Contract in relation to business, Business Law and Ethics

Assignment Help:

Conrad put an advertisement in a newspaper on 19 November offering to sell his motor boat for $35,000. On 21 November, Joe rang Conrad and said he was prepared to pay $30,000 for the boat. Conrad replied that his lowest price was $32,000 and "my offer is good until 28 November"

Joe departed on a short holiday on 25 November. While he was away, he decided he'd buy the boat, and on 27 November, Joe wrote Conrad a letter accepting the offer to buy the boat for $32,000. He posted the letter that day, but the letter only arrived on 29 November.

Unknown to Joe, Conrad sold the boat to his sister Evelyn for $30,000 on 26 November. Conrad telephoned Joe on 26 November to tell him that he had sold the boat. Unfortunately, Joe, being away on holidays, did not take the call, and Conrad left a message on his answering machine. Joe returned from holidays on 30 November and learned that Conrad was unwilling to sell him the boat.

Required:

Discuss whether Conrad and Joe have entered into a contract in relation to the boat. Further discuss whether Conrad and Evelyn have a contract in relation to the boat.


Related Discussions:- Contract in relation to business

Family and medical leave act, Family and Medical Leave Act: There is a...

Family and Medical Leave Act: There is a split among the federal circuit courts of appeal on whether or not public employees/officials may be considered "employers" and theref

Rules relating to an offer - law of contract, Rules Relating to an Offer - ...

Rules Relating to an Offer - Law of Contract However the case law relating to an offer has established the following rules: 1. Such offer may be oral plus written or may be

Representations regarding character or credit, Representations Regarding Ch...

Representations Regarding Character or Credit Since statements relating to a person's credit-worthiness will only be actionable whether made in pursuance of a contract that wa

What are the stages in policy process, What are the Stages in Policy Proces...

What are the Stages in Policy Process The traditional textbook approach to the study of public policy separates policy making into its component steps and analyzes each in turn.

Business names, Business Names:                             If a compa...

Business Names:                             If a company has a place of business in Kenya and carries on business under a business name which does not consist of its corporate

Registration of prospectus, Registration of Prospectus:  S.43 (1) prov...

Registration of Prospectus:  S.43 (1) provides that no prospectus shall be issued by or on behalf of a company unless, on or before the date of its publication, there has been

Quantifying phoenix activity, Many stakeholders emphasised that it would be...

Many stakeholders emphasised that it would be difficult to quantify phoenix activity as phoenix operators are very skilled at 'flying under the radar'. Impacts, beyond those listed

Contract, what is void contract

what is void contract

What is phoenix-like activities, Q. What is phoenix-like activities? Ph...

Q. What is phoenix-like activities? Phoenix activity and phoenix-like activities Many activities are referred to as "phoenixing" which do display phoenix-like characteristic

Breach of the rtl code, Question Note the behaviour of all parties wi...

Question Note the behaviour of all parties with respect to the Mitchell Jones scenario which is (or could potentially be) a breach of the RTL Code and why you believe the beh

Write Your Message!

Captcha
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