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

Explain recognition of states pertains, Explain Recognition of States perta...

Explain Recognition of States pertains Recognition of States pertains to whether a state exists or not, meaning thereby, the participants of global community should recognize t

Partnerships - unincorporated associations, Partnerships - Unincorporated A...

Partnerships - Unincorporated Associations Conversely Partnership is defined through S.3 (1) of the Partnership Act as "the relation that subsists between persons carrying at

Exceptions in turquands case, Exceptions: The rule in Turquand's case ...

Exceptions: The rule in Turquand's case will not apply if: i.The person suing the company is in fact an insider, such as a director of the company: Howard v Patent Ivory

Group accounts, Group Accounts: Section 150 requires a company which h...

Group Accounts: Section 150 requires a company which has subsidiaries to lay before the company in general meeting accounts or  statements dealing with the state of affairs an

Show the number of phoenix operators, Q. Show the Number of phoenix operato...

Q. Show the Number of phoenix operators ? A key challenge in quantifying phoenix activity is estimating the number of companies engaging in the activity. In 2001/02, 1.6% of co

Protection of hirer - sales of goods, Protection of Hirer - Sales of Goods ...

Protection of Hirer - Sales of Goods In the S.7 of the Act makes certain provisions void whether they are contained in such the hire purchase agreement, like e.g.: 1) Any t

Maintenance of capital - raising of capital, Maintenance Of Capital: T...

Maintenance Of Capital: The issued share capital of a company limited by shares is the primary security for the company's creditors. In Re: Exchange Banking Co (Flitcroft's Ca

Company management, COMPANY MANAGEMENT: A company, being an artificial...

COMPANY MANAGEMENT: A company, being an artificial person, cannot manage its own affairs. It is therefore not surprising to find that the articles of every registered company

Analyze the differences between a proposal and an invitation, Analyze the d...

Analyze the differences between a proposal and an invitation to treat and discuss the rules to determine the point of time on which an agreement is reached. Using the latest Malays

Disclosed principal, Disclosed Principal - Relations between Agent and Thir...

Disclosed Principal - Relations between Agent and Third Party Whether the agent acted to a disclosed principal through informing the third party such he was an agent acting to

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