L4 Reflection Questions PDF

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Reflection QuestionsTopic: Law of Contract (I): Offer & AcceptanceQuestionHardly Ltd, a vendor of electronic equipment, advertised the following in the newspaper on a Wednesday: “NEVER TO BE REPEATED OFFER. 50in PANASONIC PLASMA 3D TELEVISIONS @ $75,000”Ben saw the advertisement. He went to ...

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Reflection Questions Topic: Law of Contract (I): Offer & Acceptance

Question Hardly Ltd, a vendor of electronic equipment, advertised the following in the newspaper on a Wednesday: “NEVER TO BE REPEATED OFFER. 50in invitation to offer

PANASONIC PLASMA 3D TELEVISIONS @ $75,000”

Ben saw the advertisement. He went to the store the next day (Thursday) and said to making an offer Mary, the sales manager: “I accept of offer on the plasma 3D TV – here is my card –

rejected the offer

please deliver it as soon as possible.” Mary answered: “Unfortunately, that on promotion has already been sold out.” And she continued, “The only 3d plasma left is the demonstration model, and you can have that for are usually sold for around $70,000.” Ben was

. Not a bad price as they making a new offer, having a new promise specific, definite enough, but not a counter offer because the offer was being raised by a new person (Mary

and said that he would think about it and let her know by noon the

next day (Friday). Mary said she would at 9.00 am on Friday,

. However,

the offer stands, no acceptance(?)

walked into the store and offered Mary $65,000 for the

demonstration model. Mary sold it to him. At 10.00 am, Ben rang Mary and said he would buy the demonstration set at the price she offered yesterday. Mary then told him Is Mary bounded? Oral agreement.

that i

Advise Ben as to whether he had a contract with the Hardly Ltd on either Thursday or Friday.

Shall Mary keep the offer opened? No intension of a contract? No acceptance, not bound by the contract...