As she did not like pearls at all liew lian had one

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: aunt. As she did not like pearls at all, Liew Lian had, one week prior to the disaster at Banana Bank, entered into a contract to sell the pearls to Apple Khor at the price of $10,000. Apple had paid a deposit of $5,000 with the balance $5,000 to be paid upon delivery of the pearls a month later. Now that the safe deposit box and its contents have been destroyed, advise Liew Lian on her contractual liability towards Apple, if any. (15%) Question 4 Some days after this unfortunate bank incident, Liew Lian attends a housewarming party at the residence of Rambo Tan (“RT”), one of her close doctor friends. She spots an exquisite-looking violin displayed in the hallway with beautiful ornamental craftsmanship which she immediately recognises as the work of the 17th century Italian master named Bertolucci. When asked, RT replied: “I’m not so sure about the Bertolucci artwork but all I can tell you is that this is one of the last few remaining 17th century Stradivarius violins around. Why, do yo...
View Full Document

This document was uploaded on 04/07/2014.

Ask a homework question - tutors are online