Business, 04.05.2021 01:00 elizabethhubbe
Kienda advertises his BMW car in a local newspaper. The price is stated as £15,000. He receives a telephone call from Roshi, who says, "I will give you £13,500 for the car." Kienda replies, "You can have it for £14,000". Roshi asks for time to think about it and Kienda agrees. The next day he receives a letter from Jyoti. The letter reads, "I enclose a cheque for £14,000 in payment for your BMW motor vehicle. If I don’t hear from you tomorrow, I will come to collect the car." Later that day he is visited by Hank, who offers to pay £14,500 in cash. Kienda accepts the offer. As Hank and Kienda are exchanging the money for the car keys and logbook, Roshi arrives and purports to accept Kienda’s offer to sell for £14,000, and Jyoti arrives, expecting to collect the car. a) Explain the rules relating to offer and acceptance in the formation of a contract. b) Advise Kienda of his legal position in contract.
Answers: 1
Business, 21.06.2019 17:10, falabit
Which statement describes a monopoly? many firms produce identical products with no control over the market price. many firms produce differentiated products with control over market price. a single firm produces a product with no close substitutes and control over the market price. a single firm produces a product with many close substitutes and limited control over the market price.
Answers: 1
Business, 23.06.2019 02:00, Arealbot
Which of the following is the best example of substitution? a. movie producers begin making more comedies because they cost less to make than action films. b. people walk out before the end of a movie because the acting and the plot are terrible. c. people at the movie theater switch from popcorn to candy because popcorn has gotten too expensive. d. more people begin going to matinee movies instead of night movies to save money on the tickets.
Answers: 2
Kienda advertises his BMW car in a local newspaper. The price is stated as £15,000. He receives a te...
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