Question: could you please ansnwer this question as soon as possible Read the case and answer the following questions (25 marks in total): On January 30,

could you please ansnwer this question as soon as possible

Read the case and answer the following questions (25 marks in total): On January 30, 2021, a Michigan (USA) seller sent a Monitoba (Canada) buyer a signed offer to sell 3,000 carpets for US $1,000 each. A complete description of the goods, together with all relevant payment and delivery terms, was included with the offer. The letter stated that the offer was binding and irrevocable until February 28 of the same year. On February 14, the Michigan seller sent another letter to the Monitoba buyer stating, "Ignore our letter of January 30. We have miscalculated and we withdrew our offer." On reading this, the Monitoba buyer decided that the price must have been a good one and advised the Michigan seller in writing on February 15, "We accept your offer of January 30." Questions: The length of each answer should not exceed 400 words. 1. Please describe what legal regime applies to this transaction? (10 marks) 2. Is there a contract between the parties? (10 marks) 3. Who should win this case? (5 marks) words

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 Law Questions!

On November 1, 2005, Janet Morton and Kim Wong formed Pet Kingdom, Inc., to sell pets and pet supplies. Pertinent information regarding Pet Kingdom is summarized as follows: Pet Kingdom's business...

I. Read the case and answer the following questions (25 marks in total): On January 30, a Michigan (USA) seller sent a Monitoba (Canada) buyer a signed offer to sell 3,000 carpets for US $1,000 each....

I. Read the case and answer the following questions (25 marks in total): On February 1, a Monitoba (Canada) seller sent a Michigan (USA) buyer a signed offer to sell 5,000 carpets for Canadian $1,000...

please i need help answering questions(type out answer) Read SouthPark IV case study which can be purchased from Harvard Business Publishing at this Consider the following questions as you read the...

Please please read this case and answer below questions please CASE STUDY How Trump impacts harmful Twitter speech: A case study in three tweetsMegan Brown and Zeve Sanderson (October 22,...

Read the case and answer the questions below it Date: August 9, 2004 File: 98 Indexed as: Mottu v. MacLeod and others, 2004 BCHRT 76 IN THE MATTER OF THE HUMAN RIGHTS CODE R.S.B.C. 1996, c. 210 (as...

The requirements are in world file. The pdf file includes the case. Only one-page write. Answer following questions and write one page (double space) What are the challenges of exiting private equity...

There is a case question (very last question) in the document below and i would like to know how to resolve it properly University of Toronto Faculty of Arts and Science and Rotman School of...

An increase in which of the following balance sheet item will likely cause an increase in owners equity? Accounts payable Long-term debt Notes payable Retained earnings

Use flow diagrams to show the differences between the new and old system. See Figures 1-4.

Think about an organization that must meet complex security and regulatory compliance requirements. Explain 2 similarities and 2 differences between risk management, regulatory compliance, and other...

Sally Stanford is buying an automobile that costs $12,000. She will pay $2000 immediately and the remaining $10,000 in four annual end-of-year principal payments of $2500 each. In addition to the...

A suburban taxi company is considering buying taxis with diesel engines instead of gasoline engines. The cars average 50,000 km a year, with a useful life of 3 years for the taxi with the gas engine...

Adjusting Entries for Inventory of Supplies The Village of Baxter uses the purchases method of accounting for its inventories of supplies in the General Fund. GASB standards, however, require that...

A firm is considering three mutually exclusive alternatives as part of a production improvement program. The alternatives are: A B C Installed cost $10,000 $15,000 $20,000 Uniform annual $1,625...

The following costs are associated with three tomato-peeling machines being considered for use in a canning plant Machine Machine Machine A B C' First cost $52.000 $63,000 $ 67,00 Maintenance and...

Explain how culture has an impact on management approaches in various countries.

7. Fill out the form below. Only the most important roles and your basic values are to be filled.

10. Try to remember the last communication you entered into. How many times did you fill in information that the other person did not convey? How many times did you speak before the other person...

6. Think of a situation where you noticed that the other person or people did not like or understand your behaviour. Examine your own intentions behind the behaviour.