Solution-Is there a breach of contract

Is there a breach of contract

Assignment Help Business Law and Ethics

Reference no: EM131152077

Assignment "The Open Offer"

• The Open Offer

Jimmy, an art dealer and merchant, is running out of funds. Luckily, he owns a priceless Van Gogh painting. He writes his friend Tommy. The letter says "Tommy you remember that Van Gogh painting you were interested in buying? I will offer it to you for $500,000. I will give you one month to accept this offer." Jimmy signs the letter. Tommy receives the letter, and he is very excited. He writes back two weeks later saying that he accepts, and Tommy encloses a check for $500,000. Unfortunately, Jimmy received a better offer for the painting, and Jimmy accepts that one.

• Is there a breach of contract?

• If so, what remedies may Tommy get?

Reference no: EM131152077

Questions Cloud

Discussion about the idea of distributive justice : The argument should include a discussion of the differences between corporate social responsibility and the triple bottom line concepts. Include a discussion about the idea of distributive justice and the current distribution of wealth

Important property law concept : Bailment arrangements are very common and involve an important property law concept. Someone please define what a bailment is for the class.

How do the characteristics of the abuser differ from abused : How would these patterns and characteristics help you determine the proper assessment methods? Which methods would you use in this screening scenario?

What is learning organization : What is a “learning organization?” Why is this concept important for today’s organizations?

Is there a breach of contract : Jimmy, an art dealer and merchant, is running out of funds. Luckily, he owns a priceless Van Gogh painting. He writes his friend Tommy. Is there a breach of contract

Problem-solving approach to address : Discuss one (1) project where you used a problem-solving approach to address what turned out to be common-cause variation, or where you used a process improvement approach to deal with a special cause.

Write the essay on the curatorial statement : Write the essay on the curatorial statement.- The initial paragraph should establish the overall premise of the exhibit, the main theme or concept the show.

Determine the maximum allowable height h : Determine the maximum allowable height, h, if the box sections are not to buckle in the weaker direction.

Mass marketing debate : Take a position on whether "mass marketing is dead" vs "mass marketing is still a viable way to build a brand" Provide personal analysis on the position you selected and make some recommendations.

User Account

All Pages

Is there a breach of contract

Reference no: EM131152077

Reference no: EM131152077

Questions Cloud

Reviews

Write a Review

Business Law and Ethics Questions & Answers

Legal environment of business caselet

Business ethics & legal issues caselet

Questions on business law and ethics

Discuss the doctrine of ratification of pre-incorporation

Discuss the extent of phoenixing activity

Application of law to facts

Question on business law and ethics

Questions on business law

Iidentify the issue raised by the facts

Evaluation of software development

Business value and ethics

Explain what is meant by income by ordinary concepts

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT