Mr. Farhad is the owner of Farhad Unique Rugs (FUR), a carpet shop at BT Plaza. He
Question:
Mr. Farhad is the owner of Farhad Unique Rugs (“FUR”), a carpet shop at BT Plaza. He imports high-quality and durable oriental carpets from Turkey. The
unique handmade double knotting Turkish carpets are especially popular and in high demand.
On Saturday, Mr. Kanye East read an article in “Singapore Antiquing and Collecting Magazine” in which Mr. Jared Lee, a carpet connoisseur, highly
recommended Turkish carpets from FUR. Mr. Kanye East visited FUR on Sunday morning and was personally greeted by Mr. Farhad. Mr. Kanye East selected a 400 knots per inch silk carpet and paid a deposit of $1,888 with the balance of $3,000 to be paid on Monday when the carpet is delivered to the house. Soon after Mr. Kanye East left the shop, Mr. Farhad instructed his workers to place Mr. Kanye East’s carpet in the van for delivery on Monday morning. The van was parked in BT Plaza’s basement carpark. Dark clouds rolled in on Sunday afternoon followed by a heavy downpour. The basement carpark in BT Plaza was flooded. The water level rose and went inside the vehicles in the basement carpark. The carpets in Mr. Farhad’s van were destroyed resulting in several thousand dollars worth of damage.
The Meteorological Service Singapore reported that it was the wettest month in more than 40 years and attributed it to a phenomenon known as the Ocean
Dipole.
Advise Mr. Kanye East on the following:
(a) Explain the 4 ways in which a contract may come to an end including the
definition of discharge of a contract and Discuss the LEGAL PRINCIPLES concerning the above case study, APPLY the legal principles, and CONCLUDE on whether Mr. Kanye East could treat the contract with Mr. Farhad as discharged and recover the $1,888 deposit.
Performance Guide for students. • Marks will be awarded for:
(i) Content: a. Clear usage, statement, and explanation of relevant legal principles b. Original, clear, logical, and convincing discussion on the application of the laws to the facts c. Statement of Conclusion d. Appropriate referencing (in‐text and list of references)
(ii) Number and quality of references: At least 5 (iii) Organization of answer and writing style (including spelling, grammar, syntax, etc). Please make sure you use the “Grammar and Spell check” functions to check your submissions.
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren