Carol offers to sell her personal computer to Bob for $200. Bob says that he will buy the computer for $200 if Carol will include the monitor and keyboard. Is this valid acceptance? Please explain in detail.
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Carol offers to sell her personal computer to Bob for $200. Bob says that he will buy the computer for $200 if Carol will include the monitor and keyboard. Is this valid acceptance? Please explain in detail.
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- Donald met Daisy at the Mall. Donald saw that Daisy had a brand new Apple tablet in her hand, he immediately told Daisy that he is interested in purchasing her tablet for $5000.00: Daisy responded in the following manner; • Daisy did not answer Donald and simply walked away. • Based on Donald’s original offer to purchase the tablet for $5,000, Daisy inquired from him, the method of payment for the tablet. • Daisy told Donald that she paid $10,000.00 for the Tablet and if he agrees to pay her that amount, she is willing to accept. Donald responded that he is only willing to pay $6,000. Advised Daisy on whether or not a valid agreement exists between Donald and her, pertaining to the three issues above. answer based on IRAC ruleAssuming all other requirements have been met, which of the following terms generally must be included in a writing in order to satisfy the UCC Statute of Frauds regarding the sale of goods worth $500 or more? Price Yes No Yes O Yes Quantity Yes Yes No Yes Time of payment Yes No Yes NoBuyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. demand specific performance initiate rescission accept compensatory damages settle for liquidated damages
- John offered to buy James’s Apple Ipad and gave James two weeks for an answer. A few days after, Jill offered to sell her Apple Ipad to John, which he was very excited to purchase because it was the latest version, with all the new software applications. John called James and told him personally that he is no longer interested in purchasing his device. James is very disturbed because he saw that a new version of his IPad was being launched and he was looking forward to purchase it. James is of the view that John cannot withdraw his offer because the two weeks has not elapsed. He knows that you are a business law student at Open Campus and sought your advice on the matter. Advise James. Will your answer be the same if John failed to communicate to James within the two week period, that he was no longer interested in James’s Ipad and James accepted his offer on the last day of the two week period?1. Brian a 16-year-old, purchased a pool table with all of the accessories. Three weeks later, Brian tried to return the pool table. He told the seller that he had decided to keep all of the accessories. Can Brian avoid the contract in this way?1) Jim offered to buy James's Porsche motor vehicle. Jim gave James 2 weeks for an answer. Two days after, Jane offered to sell her Porsche motor vehicle to Jim for which he was very excited to purchase because she had the latest model. Jim called James and told him personally that he is no longer interested in purchasing his Porsche. James is very upset, because he was keen to sell. He is of the view that Jim cannot withdraw his offer because the two weeks has not elapsed. He knows that you are a business law student at Open Campus and sought your advice on the matter. Advise James. Will your answer be the same, if Jim failed to communicate to James within the two weeks that he no longer is interested in purchasing James's Porsche motor vehicle and James accepted on the last day of the end of the two weeks?
- Sue Flay's Cakery promises to pay Oscar Ruitt not to park in a city-designated no-parking zone in front of her store. This agreement is: (Choose all of the correct answers.) Not enforceable because Oscar Ruitt has no legal right to park in a city-designated no-parking zone Not enforceable because Oscar Ruitt never made any enforceable promise to Sue Flay's Cakery Not enforceable because Oscar Ruitt is merely making an illusory promise Enforceable because Oscar Ruit is giving up the right to do something he would otherwise have the right to do Enforceable because Sue Flay's Cakery is offering legally sufficient consideration to Oscar RuittIf a loan shark promises you $500 if you will rough up one of his nonpaying customers to encourage prompt repayment, what sort of contract is this? a.Valid b.Void c.Voidable d.EnforceableClient Claire explicitly instructed Agent Jamie not to present her with any offers for her home that came in lower than $150,000. In the days after that conversation, three offers were made: one for $152,000, one for $160,000, and one for $145,000. Which of these offers should Agent Jamie present to Client Claire? only the $160,000 offer the $145,000 offer and the $152,000 offer the $152,000 offer and the $160,000 offer All of then
- Consideration a. must be of reasonable value b. need not be adequate to the promise made c. must be of more value than the value of promise made. d. must be adequate to the promise made,The Case: Ben purchased a used Laptop from Smart store during the sales period. He asked the salesperson, Rodny, if the Laptop had ever been damaged. Rodny (the salesperson) had never seen the Laptop before that morning and knew nothing of its history but quickly answered Ben’s question by stating: ‘No. It has never been damaged’. In fact, the Laptop had been seriously damaged previously and, although repaired and bought during the sales, it was worth much less than the value Ben had paid. When Ben learned the truth, he wanted to return the Laptop. Smart store replied that he cannot do that because they have a legally binding agreement and as per the agreement the items purchased during the sales cannot be returned. Questions: A) Does the behavior of the salesperson, Rodny, constitute deception? If it constitutes deception please precise which type of deception and explain in detail all the elements of the type of deception selected. B) Decide, based on the analysis made under…Zelda wants to sell her old red truck. In an effort to sell it quickly, Zelda mails a letter to her long time pal Maude offering to sell the truck to Maude for $15.000. Three days after Zeida sends that letter to Maude, Zelda's boyfriend, Trevor, informs Zelda that the truck is actually worth $30.000 However, just minutes after Maude posts (.e.. puts in the mail) a letter with the postmaster accepting Zelda's offer, Zelda calis Maude telling her the new price for the old red truck is $30,000. Does Zelda have to uphold the deal and sell Maude the truck for $15,000? O No, the fair market value of the truck is $30,000 and that's what Maude must pay for it. O No, Zelda doesn't have to sell to Maude at all, if she does not wish to do so. O Yes, Zelda must sell the truck to Maude for $15,000. OYes, Zelda must still sell the truck to Maude, but at a price greater than $15,000 but less than $30,000. O No. Maude must split the difference in price with Zelda and pay $22.500 for the truck