Question: Case Study 3 Peter and his friends had created a WhatsApp chat group for socializing purposes. On June 1, Peter posted a photo of a

Case Study 3 Peter and his friends had created a
Case Study 3 Peter and his friends had created a WhatsApp chat group for socializing purposes. On June 1", Peter posted a photo of a Rolex watch on the group, followed by the following statement: "Guys, I have had this watch for 20 years and I intend to sell it for the price of $2000. I know that Jim, Henry and Mike are financially capable. Therefore, if any of you are interested in buying it for this price, please reply by email on peter@Gmail.com. The watch is functioning and is in a good condition. This offer is open for 3 days only". Peter received the following responses: Immediately after the post, Jim replied via the same WhatsApp group, saying that he has accepted Peter's offer. Two hours later, Peter received an email from Alfred, who is also a member of the WhatsApp group, stating that he is willing to buy the watch at the stated price. - The next day, Henry sent an email stating that he is willing to buy the watch at the stated price, on condition that he is given a one-year warranty with it. - On the 3rd day, Mike sent an email to Peter saying that he is willing to buy the watch for S2000. He then immediately sent Peter a WhatsApp message stating: "I have just sent you an email accepting your offer. My internet connection is weak. You should receive the email in the next 5 minutes. Peter immediately replied: "The offer is revoked". Questions: 1- Explain whether a contract has taken place between each of the following parties, whilst providing a legal justification for your answer: a- Peter and Jim b- Peter and Alfred C- Peter and Henry 2- Is the revocation of the offer by Peter valid? Can he revoke the offer via WhatsApp? Is there a legally binding contract between him and Mike? Explain

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

\fTable of Contents List of Figures R2 - Internal Competitive Analysis Internal Competitive Analysis of Top Tier Firms The social networking industry is split into two market segments: Consumer and...

Q:

\fTable of Contents List of Figures R2 - Internal Competitive Analysis Internal Competitive Analysis of Top Tier Firms The social networking industry is split into two market segments: Consumer and...

Q:

How does the article Fixing Facebook: Fake news, privacy, and platform governance relate to the ted talk video what obligations do social media platforms have to the greater good? Ted talk video...

Q:

Dears, Kindly we need your help to read the below Case Study and Answer the question : 1) What should Gassner and the Executive Committee doing about modifying the business plan and bonus targets of...

Q:

MRKT 310 Principles of Marketing Strategic Marketing & Value for the Customer Please use the service offering below; Lyft PRODUCT CHOICE & CONTENT Your focus will be on the domestic, or U.S....

Q:

Thoughts on what an outstanding HR manager would do to prevent this problem from happening in the first place and what intervention they should use at this point in these situations to improve and...

Q:

Due to the changing environment and external triggers, contingency planning is necessary. What qualities make a future issue a ?trigger?? Consider you are on the strategic planning team for a soft...

Q:

Through the use of strategic alternatives, companies may compete in a marketplace, achieve its vision, or if no vision has been articulated, decide where it might go and what it might achieve....

Q:

I need help on the Boulder Public School Case Study . There are three questions asked at the end of the case study. HBSP Product Number TCG239. Rev. Oct. 2015 THE CRIMSON PRESS CURRICULUM CENTER THE...

Q:

Case study - brief Case study - detailed Note Answer the question after going through the case study. Q1:What are the new product development team challenges as faced by MediSys? Q2:What are the...

Q:

Determine the value of a which satisfies the following equation. log (x+10) + log (2+8)=3 Do not include "=" in your answer. If there are is more than one answer, list them separated by commas....

Q:

Watkins Corporation began operations on January 1, 2013. The 2013 and 2014 schedules of inventory purchases and sales are as follows: Complete the following schedule, and briefly discuss the...

Q:

The current ratio is ( 2 . 4 4 pts ) used to evaluate a company's liquidity and short - term debtpaying ability a solvency measure that indicates the margin of safety for bondholders computed by...

Q:

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...