On 3rd April, Tony wrote to his friend, Adam, paying he wanted to sell his exercise...

 

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On 3rd April, Tony wrote to his friend, Adam, paying he wanted to sell his exercise apparatus for $10,000. Immediately on receipt of the letter, on the 10th April, Adam phoned Tony and said, 'OK, but does the sale include the actual weights as well? Tony said, 'Yes'. Adam said he would think about it and be back in touch soon. Tony said he would keep the offer open for another week. On 12th April, Adam's neighbour, George, was speaking with Tony, who said he was thinking of selling all his exercise machines, and George said he would bu Given the interest and Tony's love of the machines, he decided not to sell. He sent an email to Adam saying he is keeping the machines. Adam's computer wa see the email. On 13th April Tony again changed his mind and placed an advertisement in the local paper, printed and distributed on the 15th April, for the sale of the exerc $15,000. They were all described, and Tony left a phone number for contact. Rachel phoned on the 15th and agreed to buy the machines. On 17th April, Adam wrote to Tony and accepted his initial offer. Tony telephoned Adam and said, 'No, you should have checked your email. Have any contracts been formed? Fully discuss all the circumstances referring to relevant law and the essential elements for recognition of the formation On 3rd April, Tony wrote to his friend, Adam, paying he wanted to sell his exercise apparatus for $10,000. Immediately on receipt of the letter, on the 10th April, Adam phoned Tony and said, 'OK, but does the sale include the actual weights as well? Tony said, 'Yes'. Adam said he would think about it and be back in touch soon. Tony said he would keep the offer open for another week. On 12th April, Adam's neighbour, George, was speaking with Tony, who said he was thinking of selling all his exercise machines, and George said he would bu Given the interest and Tony's love of the machines, he decided not to sell. He sent an email to Adam saying he is keeping the machines. Adam's computer wa see the email. On 13th April Tony again changed his mind and placed an advertisement in the local paper, printed and distributed on the 15th April, for the sale of the exerc $15,000. They were all described, and Tony left a phone number for contact. Rachel phoned on the 15th and agreed to buy the machines. On 17th April, Adam wrote to Tony and accepted his initial offer. Tony telephoned Adam and said, 'No, you should have checked your email. Have any contracts been formed? Fully discuss all the circumstances referring to relevant law and the essential elements for recognition of the formation

Answer rating: 100% (QA)

This scenario involves multiple communications and potential contract formations Lets analyze each situation step by step to determine if contracts we... View the full answer