Preview

Business Law Tutorials

Good Essays
Open Document
Open Document
3643 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Law Tutorials
UNIVERSITY OF TECHNOLOGY, JAMAICA
SCHOOL OF BUSINESS ADMINISTRATION

BUSINESS LAW

LAW OF CONTRACT TUTORIAL SHEET

1. On the first of January, David telephoned Donavan and offered to sell his car to him for $100.00. The offer was to remain until the 8th of January. That same evening, Donavan saw David in the bar and gave him a hundred dollar bill. He said to David:

“I really appreciate you keeping the offer open until I can raise the money. Here’s a beer money for your trouble”.

David said nothing and put the money in his pocket. On the 3rd of January, David sold the car to Shawn for $125,000.00. Two days later, Donavan posted a letter to David accepting the offer. David immediately telephoned Donavan to say he had already sold the car to Shawn.

Advise Donavan as to his legal position.

2. Alex who is migrating from the island wrote two separate letters offering to sell his furniture. One letter offered to sell his home furniture to Betty for $10,000 and the other letter offered to sell the same furniture to Cecil also for $10,000. The letters were issued on Friday at 9:00am and stated that the offer will be open until Monday at 5pm.

On Monday morning, Betty telephoned Alex asking if she could pay $8,000 and he rejected this. Betty later wrote a letter stating she accepts the $10,000 price and personally gave this to Alex at 1pm on Monday.

Cecil on the other hand, sent a fax message to Alex on Monday morning at 9:00am asking if he wants the $10,000 to be paid in cheque or cash. Alex received the fax message but never replied. At 7pm the same day Alex was personally handed a letter of acceptance by Cecil.

Alex refused to sell the furniture to Betty and Cecil and has sold them to Debbie for $15,000.

Advise Betty and Cecil whether they can sue Alex for breach of contract.

3. Matthew made an offer to Mark to sell him a computer. This offer was made by telephone on the 1st

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Carrie offered to sell a set of legal encyclopedias to Antonio for $300.00. Antonio said that he…

    • 481 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Eleven months after moving into the home, Pat received the half-million dollar installment check. Pat immediately went to Dan with a check for $275,000 and asked Dan to convey the property to her according to their agreement. Dan refused to accept the check and ordered Pat to move out.…

    • 1017 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Unit 45

    • 826 Words
    • 4 Pages

    To begin with this offer is an invitation to treat as it’s advertised in a newspaper and it’s open to everyone to make an offer. As Bob has refused to pay for the car he does not have to pay or risk any legal actions for being in breach of contract if he refuses to pay. Bob does not have to pay for the car as a contract has never taken place and none of the three requirements took place.Jamal rejected Bob`s first offer.…

    • 826 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Contracts Practice Exam

    • 1173 Words
    • 5 Pages

    According to the facts, Bob wrote Alex on February 5th stating “I’ll take Oceanhaven per your leeter of February 1st. Being that Bob accepted Alex’s terms…

    • 1173 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Question 1

    • 1386 Words
    • 17 Pages

    1. On March 12, Bill Jones accepted a $12,000 note in granting a time extension of a bill for goods purchased by Ron Prentice. Terms of the note were 13% for 90 days. On April 24, Bill could no longer wait for the money and discounted the note at Able Bank at a discount rate of 14%. The proceeds to Bill is:…

    • 1386 Words
    • 17 Pages
    Satisfactory Essays
  • Satisfactory Essays

    BUS 311 Week 2 Quiz

    • 387 Words
    • 2 Pages

    Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?…

    • 387 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Contracts Essay 2 Exam

    • 812 Words
    • 3 Pages

    1. Is there a valid offer? Offer an offer is the manifestation of a willingness to enter into a bargain, in must be done in such a way that another person should understand that his assent to that bargain is invited and will conclude in forming a contract. Pete has to show that Debbie made a promise to him something in exchange for him to do or not to do something than a valid offer will be proven…

    • 812 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Travis really wanted that fifty cents because later he asked if he could carry some groceries at the supermarket after school for some money. His mother did not want to hear what he had to say, she told him to go make his bed. She trys to fix his hair and tells him to get wellfare and milk money also to not spend a penny on a cap. Travis asked again if he could carry groceries, she told him to just leave before he was late for school. Then Walter Young walks in, Ruths' Husband. He heard all the arguing and asked what he wanted so badly. Ruth told him he wanted carry groceries after school, Walter insisted for him to go, Travis then jumps in to the conversation and says that he has to go because she didn't want to give him fifty cents. Walter asked Ruth why not, Ruth told him they did't have it. Walter trys to hide the fact that they don't have much money by telling Ruth why did you tell Travis that. Walter hands Travis fifty cents, Travis thanked him, Walter told him here is another fifty cents for some fruit of a taxi, all together Travis recieved a…

    • 395 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Contracts Essay One

    • 1286 Words
    • 6 Pages

    A. Offer. An offer is the manifestation of a willingness to enter into a bargain, so made as to justify another person in understanding that his assent to that bargain is invited and will conclude it. If Peter can show that Don promised him something in exchange for his promise to do or not do something then a valid offer would be established.…

    • 1286 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Business Law I

    • 891 Words
    • 4 Pages

    2). Offer and Acceptance. Carrie offered to sell a set of legal encyclopedias to Antonio for $300. Antonio said that he would think about her offer and let her know is decision the next day. Norvel, who had overheard the conversation between Carrie and Antonio, said to Carrie, “I accept your offer” and gave her $300. Carrie gave Norvel the books. The next day, Antonio, who had no idea that Carrie had already sold the books to Norvel, told Carrie that he accepted her offer. Has Carrie breached a valid contract with Antonio? Explain.…

    • 891 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Eventually Billy comes up with the money and gets his…

    • 1497 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Supply and Demand

    • 3087 Words
    • 13 Pages

    3. Jaynet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm – one offer was for $105,000 per year, and the other was for $85,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 35 paintings per year at a price of $6,000 each:…

    • 3087 Words
    • 13 Pages
    Good Essays
  • Good Essays

    Acceptance - Essay

    • 635 Words
    • 3 Pages

    In the case of Carrie, Antonio and Norvel, Carrie offers to sell Antonio a set of legal encyclopedias for $300.00. Antonio says he has to think about it and will let Carrie know the next day. Norvel, who overheard the offer to Antonio, tells Carrie he accepts her offer. Carrie gives Norvel the encyclopedias in return for $300.00. The next day, Antonio, unaware of the transaction between Norvel and Carrie, accepts Carrie’s offer. Technically Carrie has not breached a valid contract with Antonio, as he had not accepted the terms of the agreement. There was also no contract between Norvel and Carrie formed since Norvel accepted an offer that was originally made for Antonio.…

    • 635 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In February of this year, you were the salesman that sold a car to Mr. and Mrs. Henry Haskell. As well, you are in the custody of funds, belonging to the Haskells' that arose from this tentative transaction.…

    • 973 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    were to receive and we also agreed on the price of eleven hundred and fifty dollars…

    • 283 Words
    • 2 Pages
    Satisfactory Essays

Related Topics