Gerald owns a shop in Kuala Lumpur. The shop sells various types of internet mobile phones....
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Gerald owns a shop in Kuala Lumpur. The shop sells various types of internet mobile phones. Last week, new stocks of internet mobile phones arrived from the United States (US) and an East Asia country (East Asia). The internet mobile phones from US were the original "Orange Phone" product, while the ones from East Asia were not, though the features looked alike. Ivana, another customer, visited Gerald's shop, looking for a white "Orange Phone V.4". Gerald told her that the shop had run out of the white version, but he (Gerald) had one last new unit of white "Orange Phone V.4" in his house. Ivana agreed to buy that unit. However, unknown to Gerald, his house was burgled two hours before that and the Orange Phone was stolen. Required: Explain whether there was a valid contract formed between Ivana and Gerald. (Confine your answers to the law of contract). Gerald owns a shop in Kuala Lumpur. The shop sells various types of internet mobile phones. Last week, new stocks of internet mobile phones arrived from the United States (US) and an East Asia country (East Asia). The internet mobile phones from US were the original "Orange Phone" product, while the ones from East Asia were not, though the features looked alike. Ivana, another customer, visited Gerald's shop, looking for a white "Orange Phone V.4". Gerald told her that the shop had run out of the white version, but he (Gerald) had one last new unit of white "Orange Phone V.4" in his house. Ivana agreed to buy that unit. However, unknown to Gerald, his house was burgled two hours before that and the Orange Phone was stolen. Required: Explain whether there was a valid contract formed between Ivana and Gerald. (Confine your answers to the law of contract).
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Answer rating: 100% (QA)
There does not exist a contract between Gerald and Ivan... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
Posted Date:
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