Business Law

On 1 January, Kenny writes to Elaine stretch outing to switch Elaine her railroad track car for $50,000. On 5 January, Elaine writes back and domiciliates to impart $40,000. On 8 January, Kenny replies in penning that he will incur $45,000. On12 January, Elaine writes to Kenny and asks whether the car radio is include in the price. On 15 January, Kenny writes to Elaine and tells her that the car radio is not included. On 19 January, Kenny writes to Elaine and tells her that he has decided not to sell his car. On the same twenty-four hours, Elaine writes to Kenny pass judgment the offer of 8 January. Is there a contract surrounded by the parties? Assume that all garner were posted on the day they were written and delivered following day. For a valid contract to comprise there must be offer and acceptance. An offer is a statement of willingness to be providedt on by the terms of the offer. Kenny?s letter construed as an offer to sell car for $50,000. toleration is final and unqualified admit to terms proposed by offerer and must be reflect see of the offer. Elaine writes back and offers to pay $40,000. This is not the mirror image of the offer and thus no acceptance from Elaine. In asset there must be an intention from both parties to take a leak lawful relations in a contract.

Kenny and Elaine are in the commercial agreement and involved a business matter. In the episode of Edwards v Skyways, the law presumes that there was intention to reach profound relations in commercial agreement. On 5 January, Elaine is qualification a counter offer to buy car for $40,000. antago nistic offer is a response that indicates wi! llingness to contract but on a different basis from the offer. Elaine has made an offer of $ 40,000... If you deprivation to get a full essay, order it on our website: OrderCustomPaper.com

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