Alex wrote letters to Barbara and other collectors of paintings by the artist Charisse, stating: I...
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Alex wrote letters to Barbara and other collectors of paintings by the artist Charisse, stating: "I wish to sell my Charisse painting, entitled 'Dancer', and I would like it to go to someone like you, who will really appreciate it. I may be prepared to sell it to you for £75,000. Barbara immediately faxed a response, stating that she 'accepted Alex's offer". Alex immediately sent a fax back stating that, 'I am prepared to sell the painting to you, Barbara but, on second thoughts, for £80,000, and that price is open until 5.30pm on Wednesday'". On the following Monday morning. Alex sold the Charisse painting to David, for £85,000. On Monday afternoon, Barbara saw in an internet chat room for art collectors that David had bought a Charisse painting. It did not identify the painting as "Dancer". On Tuesday morning, Barbara posted a correctly stamped and addressed letter, stating that she accepted Alex's offer to sell her his Charisse painting for £80,000. The letter arrived on Thursday morning. Advise Barbara as to her contractual position. Alex wrote letters to Barbara and other collectors of paintings by the artist Charisse, stating: "I wish to sell my Charisse painting, entitled 'Dancer', and I would like it to go to someone like you, who will really appreciate it. I may be prepared to sell it to you for £75,000. Barbara immediately faxed a response, stating that she 'accepted Alex's offer". Alex immediately sent a fax back stating that, 'I am prepared to sell the painting to you, Barbara but, on second thoughts, for £80,000, and that price is open until 5.30pm on Wednesday'". On the following Monday morning. Alex sold the Charisse painting to David, for £85,000. On Monday afternoon, Barbara saw in an internet chat room for art collectors that David had bought a Charisse painting. It did not identify the painting as "Dancer". On Tuesday morning, Barbara posted a correctly stamped and addressed letter, stating that she accepted Alex's offer to sell her his Charisse painting for £80,000. The letter arrived on Thursday morning. Advise Barbara as to her contractual position.
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Introduction to Management Science A Modeling and Cases Studies Approach with Spreadsheets
ISBN: 978-0078024061
5th edition
Authors: Frederick S. Hillier, Mark S. Hillier
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