Individual Assignment Q- March 2021.pdf - Undergraduate...

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1Undergraduate BusinessProgrammesMarch 2021 SemesterLAW60104 - Business LawIndividual Assignment QuestionSubmission: 10thMay 2021 by 2pm
2Individual Written AssignmentQuestionJeffrey inherited an antique grandfather clock from his uncle. After some preliminarynegotiation, on 20 March 2021 Jeffrey sent a fax to his friend, Khairy offering to sell theantique clock to Khairy for RM180,000.00. Jeffrey promised to keep the offer open for aweek until 27 March 2021 for Khairy to think about it. Khairy only saw and read the fax on22 March 2021. Then on 25 March 2021, Derick, Jeffrey’sfriend, telephoned Khairy andinformed him that Jeffrey had sold the antique clock to him the day before forRM200,000.00. Khairy immediately on the same day itself sent a fax to Jeffrey acceptingJeffrey’s offer to buy his antique clock for RM180,000.00.Jeffrey only saw the fax andread Khairy’s acceptance on 28 March 2021.Advise Khairy whether there was a valid contract between him and Jeffrey.(30 marks)
3REQUIREMENT FOR PASSING MODULETo pass this module, you are required to achieve:at least 40% for continuous assessments component;ANDat least 40% for final exam;ANDan overall of at least 50%.ASSIGNMENT GUIDELINESWord LimitsStudents must state the word count at the end of the assignment which is not more than 2000

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Term
Summer
Professor
Jane
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