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BUSINESS LAW

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › BUSINESS LAW

  • This topic has 3 replies, 2 voices, and was last updated 5 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 3, 2020 at 8:31 am #569839
    Anonymous
    Inactive
    • Topics: 10
    • Replies: 10
    • ☆

    Can i ask this question how to do?

    1. On 3 March 2018, Azman wrote to Benny offering to sell to Benny his yacht, Lightning, for RM1 million. The letter expressly stated that if Benny did not reply by 10 March 2018, he would be deemed to have accepted the offer.

    On 9 March 2018, Azman sent a letter to Benny revoking his offer. On 10 March 2018 Benny posted a letter to Azman accepting Azman’s offer. Azman’s letter of revocation reached Benny on 11 March 2008. Benny’s letter of acceptance reached Azman on 12 March 2018.

    Benny wishes to know whether there is a valid contract between him and Azman for the sale and purchase of the yacht, Lightning.

    Advise Benny under the law of contract on the following issues;

    Discuss whether there is a binding contract between the parties

    May 3, 2020 at 4:23 pm #569869
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    This sounds like a piece of homework to me! I’m not here to do your homework but if you tell me what your own thoughts are then I am happy to comment on those thoughts

    OK?

    May 4, 2020 at 3:45 am #569889
    Anonymous
    Inactive
    • Topics: 10
    • Replies: 10
    • ☆

    i not sure how to do so i asking u for your opinion:(((
    i not sure whether this is the valid contract because it say ” if Benny did not reply by 10 March ” but Benny post a letter on 10 Mar to accept Azman offer i know this is valid but it say

    ” Azman’s letter of revocation reached Benny on 11 March 2008. Benny’s letter of acceptance reached Azman on 12 March 2018.”

    i not sure this 2 sentence is it valid or not because Azman and Benny letter reach both party already after 10 Mar

    so can u explain for me pls???

    May 4, 2020 at 6:31 am #569892
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Acceptance by post (following the case Adams v Lindsell in 1818) is effective from the moment the acceptance letter is put into the postal system through the proper channels, properly stamped and addressed and both parties must have thought that post was an appropriate medium

    Revocation is effective only when notified to the other party

    Can you take it on from there?

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