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

Distinguish between economic development and economic growth, Question 1: ...

Question 1: a. Distinguish between Economic Development and economic growth. b. "Despite all their diversity, less developed countries are linked by a range of common problems"

Theoretical foundations of international policy coordination, Theoretical f...

Theoretical foundations of international policy coordination Policy process more from a domestic perspective. If a country is small one can assume away any spillover effects th

Contract law problems, Case Study Cathy's septic tank at her house was ...

Case Study Cathy's septic tank at her house was old and it suddenly stopped  working.  On 9 June 2008 she called Dave, the owner of Septix Pty Ltd (-Septix?), to urgently give

Vacation of office - company management, Vacation of Office: In additi...

Vacation of Office: In addition to vacating office under the aforesaid provisions of Article 88 a person may cease to be a director for various reasons like as;-

Administrative function of chief justice, Administrative Function of Chief ...

Administrative Function of Chief Justice Where, he is the principal administrative officer of the judiciary And where, he is the chairman of the Judicial Service Commi

Reaction of other countries - policy coordination, Reaction of Other Countr...

Reaction of Other Countries - Policy coordination  A final problem associated with the policy coordination is that countries not involved in the policy agreement may react in s

What are the main areas of case law, What are the main areas of case law? ...

What are the main areas of case law? Case law: There are two main areas, as follows: • Common law: It is an amalgamation of past cases that are used to make decision

Determine the central feature of politics, Determine the central feature of...

Determine the central feature of politics Indeed this manipulation is a central feature of politics: "Problem definition is the active manipulation of images of conditions by c

Significance of registration, Significance of Registration:           ...

Significance of Registration:           S.389 provides that "no company or association or may partnership consisting of more than twenty persons shall be formed... except it i

Issue is sanctioned by the court - allotment of shares, Issue is sanctioned...

Issue is sanctioned by the court - allotment of shares: Not less than one year has elapsed since the company was entitled to commence business. This provision obviates the

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