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Need help in ACCA F4 Corporate and Business Law (Global) Monday 10 December 2012

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Need help in ACCA F4 Corporate and Business Law (Global) Monday 10 December 2012

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • May 30, 2020 at 3:51 am #572259
    linh99
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Art is an international trader in rare Persian rugs. In June 2012 he received a delivery of an exceptional rug and wrote
    to his three most frequent international clients, Bon, Con, and Dan saying that he was offering to sell the rug for
    $100,000.
    Bon immediately responded that he accepted the offer of the rug but was only willing to pay $75,000.
    Con also replied immediately, stating that he accepted Art’s offer but that he would not be able to pay the full amount
    before September.
    Dan replied that he would pay the offered price, but only if Art could supply an additional four rugs of equal quality.
    Before receiving any of these replies, Art actually sold the rug to Ek, a local client, for $105,000.
    Required:
    In the context of the rules governing the creation of contracts under the UN Convention on Contracts for the
    International Sale of Goods, advise:
    (a) as to the precise legal nature of Art’s original letter;
    (b) whether Bon has any right of action against Art;
    (c) whether Con has any right of action against Art;
    (d) whether Dan has any right of action against Art

    May 30, 2020 at 7:22 am #572266
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    And in which direction do your thoughts lie? Tell me what your thoughts are and I’ll let you know if I agree with you

    (It’s a bit stupid of Art to make the same offer to three people simultaneously!)

    OK?

  • Author
    Posts
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