User Account

All Pages

Identify and explain the stages of contract formation

Assignment Help Business Law and Ethics
Reference no: EM132313474

Please I have a question, "Maria, who lives in Seattle, sent Koji a letter via first class mail, stating, "Koji, I think your 2003 Ford SUV is worth $20,000. I will give you $20,000 cash for it." Koji receives the letter, but believes his car isn't worth more than $14,000 due to the manner in which he drives the vehicle and due to the weather in Florida where he resides.

Maria's letter was mailed on Monday. When she didn't hear from Koji by Wednesday, she sent an e-mail on Wednesday afternoon with the same message, and asked whether he received her letter. Koji received Maria's letter on Wednesday, but did not receive the e-mail until Friday afternoon, due to server problems. In the meantime, Koji sent a fax late on Friday stating, "Are you sure you still want to buy my car for $20,000? I accept your offer."

On Saturday, after some research, Maria decided the Ford SUV was not worth what she thought. To make certain Koji would know this fact, she sent Koji a letter via Federal Express stating, "Your SUV is not really worth $20,000." On Monday morning, Koji received the Federal Express letter from Maria. Also on Monday morning, an hour later, Maria received Koji's fax at work.

Has a contract been formed here? Why or why not?

Identify and explain the stages of contract formation as they occurred in this scenario and analyze them in this context from a contract formation standpoint.

Reference no: EM132313474

Questions Cloud

Decided to end production of the galaxy : Who are the stakeholders that Samsung likely took into account when it decided to end production of the Galaxy Note 7 phone that had a record of exploding?
What is the organizational structure for a sleep lab : What is the organizational structure for a sleep lab? And how to secure a good referral network without violating stark law?
Companies that purchase vehicles out of state : Can you explain commerce law and how that is related to taxing companies that purchase vehicles out of state?
Hobbes runs logic like this in form of logical syllogism : Hobbes runs the logic like this in the form of a logical syllogism. Each of us needs to have a peaceful and cooperative social order to pursue our interests.
Identify and explain the stages of contract formation : Identify and explain the stages of contract formation as they occurred in this scenario and analyze them in this context from a contract formation standpoint.
Assessing whether a contract was formed : What factors and contractual elements will you consider in assessing whether a contract was formed?
Identify the importance of leadership qualities for managers : LEMT305 Leadership for Managers Assignment - Self-Reflective Journal, Kent Institute, Australia. Identify the importance of leadership qualities for managers
Do you feel less safe that businesses can track : Do you feel less safe that businesses can track your activities on the internet? Should legislation be put in place to protect consumers from the internet?
Workplace behaviour unless they can prove what : An employer can be held liable for any unlawful workplace behaviour unless they can prove what?

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd