Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Display of goods for sale Kit Question
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MikeLittle.
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- November 29, 2017 at 4:16 pm #418920
Alvin runs a business selling expensive cars. Last Monday he mistakenly placed a notice on one car indicating that it was for sale of $5000
when in fact its real price was $25000. Bert later noticed the sign and recognizing what a bargain it was immediately
indicated to Alvin that he accepted the offer and would take the car for the indicated amount. Alvin, however, told bert
that there had been a mistake and that the true price of the car was $25000.. Bert insisted that he was entitled to get
the car at the lower price , and when alvin would not give to him at that price Bert said he would sue Alvin.After Bert had left, Alvin chnaged the price on the car to $25000 and subsequently Cat came in and said she would like
to buy the car, but that she would have to arrange the finance.On tuesday Del came by and offered Alvin the full $25000 cash there and then and Alvin sold it to him.
Sir please tel me that whether there is a binding contract between Alvin and Cat?
November 29, 2017 at 6:05 pm #418957Yes, there is a contract with Cat and the fact that Alvin has sold the car to Del means that Alvin will now probably have to find a similar car to sell to Cat for the agreed price
OK?
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