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Display of goods for sale question

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Display of goods for sale question

  • This topic has 2 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • January 29, 2018 at 11:47 am #433785
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sir, please today do not restrict me for asking max. 3 questions because tomorrow I have f4 exam. So today is the last day that I will be asking my queries for f4. Please its a request…

    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.

    Question: Is their a binding contract between Del and Alvin?

    Sir here we would say that their IS A binding contract between Del and Alvin na?

    January 29, 2018 at 11:48 am #433786
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    Sorry my questions is that Is their a binding contract between CAT and Alvin?

    Sir here we would say that their IS A binding contract between CAT and Alvin na?

    January 29, 2018 at 2:28 pm #433808
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23321
    • ☆☆☆☆☆

    Yes, there is a binding contract between Cat and Alvin so Alvin will need to go out and buy another car, same make, same model, same age, same condition and sell it to Cat for $25,000, no matter how much Alvin has to pay to buy that car

    OK?

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  • The topic ‘Display of goods for sale question’ is closed to new replies.

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