Tutorial5BusinessLaw

Tutorial5BusinessLaw - Tutorial 5 Business Law Contract...

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Tutorial 5 Business Law Contract Formation TEAM A. Q1 A. Company message to all customers B. Chui pay $8000 delivery by 2/1 C. 12/2 Fax-Price fixed at $10,000 D. Chui Fails to reply A. – (Invitation to Treat) B. –Offer C. -Counter Offer D. –Silence not acceptance No Contract If failed to remove buckets acceptance cannot be forced on to a customer in this way, and the customer who receives unsolicited goods does not need to return them. The responsibility for recovering the goods from the customer rest with the supplier. The reluctant recipient of the goods has no duty other then to keep the goods reasonably safe until the seller collects them from the premises. There may be an involuntary bailment imposed on the unwilling customer, but this will not assist you in anything other then the right to collect the goods. Q2 Contract created due o acceptance of your counteroffer (fax-‘Price fixed at $10,000) breach of contract to refuse delivery-entitled to damages Damages-difference between contract price and current market value. Q3.
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Tutorial5BusinessLaw - Tutorial 5 Business Law Contract...

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