Question: QUESTION TWO a. Explain any four (4) rules of Consideration. (8 Marks) b. Kofi owes Ike Brokeman GH2,000.00. When pressed for payment, Kofi says, I

QUESTION TWO a. Explain any four (4) rules of Consideration. (8 Marks) b. Kofi owes Ike Brokeman GH2,000.00. When pressed for payment, Kofi says, I will give you GH500.00 in cash and a cheque for GH500.00. I can do no more. Ike Brokeman agrees to this offer and Kofi gives him the cash and the cheque. Later Ike Brokeman sues for the balance of GH1,000.00. Will he succeed? (12 Marks)

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!

For the network of Fig. 5.160: a. Determine Zi and Zo. b. Find Av. c. Calculate Vo if Vi = 1 mV. 12 V = 120 390 k 0 Z, -8 V

1 a. State and explain the elements of legal systems of Ghana. b. State and explain any four (4) maxims of legal system of Ghana. QUESTION 2 a. State and explain any five (5) of the elements of a...

QUESTION 3 a. Explain the stages for enacting act of parliament. b. State and explain any three classifications of law. QUESTION 4 a. Explain any four (4) rules of Consideration b. Kofi owes Ike...

Question 1 Ambrose enters into a contract to buy Monk's Winery. If Monk breaches the contract by refusing to deliver the title to the property, Ambrose's best remedy to get the property is Select one...

recently manufactured additive was added to pellets that Wistar rats (Rattus norvegicus) are fed. The manufacturer claims that this additive results in faster growth, hence faster maturity (and...

Please help me to answer the attached files ................................... INVESTMENT AND PORTFOLIO MANAGEMENT COURSE ASSESSMENT 1 Submission deadline without penalties is 12 October 2017....

Please help me to answer the following file ............................................................................................... INVESTMENT AND PORTFOLIO MANAGEMENT COURSE ASSESSMENT 1...

LST2BSL Introduction to Business Law and Ethics Common Law Assignment INSTRUCTIONS 1. This assignment is worth 20% of your final mark for this subject. 2. All questions must be answered. 3. With...

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Part A Sam, Adrian and Michael call to make an appointment with your firm, Fees Ruthless, Accountants.You have been asked to establish their new company (No-Tax Agents Pty Ltd).You advise them not to...

Determine the Z-transform of following discrete time signal: y(n) = (e^(j*w0*n))*(a^n)*u[n] , |a|

The management of Benso Oil Palm Ltd is consider raising additional capital for possible expansion into the West African Sub region. However, many of the institutional shareholders are concerned...

NovaSoft Solutions - MedicaFlex Contract NovaSoft Solutions Pty Ltd ( NovaSoft ) is a company that develops tailored software systems for clients across the healthcare, logistics , and hospitality...

What is an example of constructive feedback? provide reference