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Jane has agreed to sell her Porshe 911 Cabriolet worth RM1.3 million to Lim for the price of RM 500,000. The decision was made rather hastily as Jane need money to pay her creditors who were chasing after her for the debts she owes them. The deposit was to be paid two weeks later. When Lim made the said payment within the said two weeks, Jane refused to accept claiming that she made a mistake and that she was under undue influence. Jane also claim that is was unaware of what she had agreed with Lim as she was very upset and had taken some medication to relax her mind thus impairing her judgement.
Lim, who is a car dealer is upset over Jane's refusal as he had promised a reputable customer to sell the said car at a price of RM800,000. In view of the good pricing, his customer had agreed and Lim had, in fact accepted 50% of the purchase price and had proceed to submit his client's financing applications for the balance of 50%. His client is also very anxious to get the car which will be presented as a wedding gift to his daughter.
He seeks your opinion whether Jane can use all the above stated excuses to avoid the contract.
He also wants to know what are the causes of action he has against Jane and seeks your advise on to the appropriate remedy for him against Jane.
In the mean time, Mr. Lim's client is also in the process filling a suit against him and he seeks your advice
I have a question for my homework, which is: Explain, using relevant instances, how investment decisions are affected by different factors. Help please?
What is GATT, and what is its goal? GATT is also termed as General Agreement on Tariffs and Trade. It is a treaty which seeks to decrease trade barriers among participant nation
Assume that you hold a piece of land in the City of London that you may wish to sell in one year. Like a U.S. resident, we are concerned along with the dollar value of the land. Su
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what are the advantages blades could gain from importing or exporting to a foreign country such azs thailand?
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JB has recently joined the Finance Department of P Company as a trainee management accountant. As part of the Company's induction, she has been offered a mentor. Though, since JB h
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Should a company pursue price hike or focus on increasing sales volume
Q. What is Installment Credit? This is another method by which the assets are purchased and the possession of goods is taken immediately but the payment is made in installments
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