Ari is a professional photographer. He wants to buy a new camera lens. After doing extensive research,
Question:
Ari is a professional photographer. He wants to buy a new camera lens. After doing extensive research, he finally decides to buy a RF USM Lens at a price of£13,000 which he sees in the product catalogue sent to him by a local supplier,C&B. The price is significantly lower than the prices quoted by other suppliers.The final page of the catalogue is an order form. Ari tears the order form off andfills it in with all information needed for the purchase of this lens. He sent the order to C&B the next day. Unfortunately, due to the strike of postal workers,C&B has not received Ari's order. Without hearing from C&B for a week, Aritele phones the manager of C&B, Ree, to inquire about his order. Ree tells Arithat the price on the catalogue is incorrect, the correct price is £23,000. Ari insists that he has made a binding contract with C&B. Because Ari has been a loyal customer of C&B, Ree tells Ari that he could let him have the lens for £20,000, which is still around £3,000 lower than the normal market price. Ari tells Ree that he will think about it and let him know tomorrow. The next day, Ari posts a letter of acceptance to C&B. However, after Ari posts the letter of acceptance to C&B, Ree telephones Ari to withdraw the offer.
Advise Ari if there is a binding contract between him and C&B. (Your answer does not need to consider the doctrine of consideration and the intention to create legal relations).
Canadian Income Taxation 2018-2019
ISBN: 9781259464294
21st Edition
Authors: William Buckwold, Joan Kitunen