Question: Solve this question using IRAC method(Issue, Rule, Application, Conclusion) Jims wife Belinda runs the rare stamps section of the business and conducts much of the

Solve this question using IRAC method(Issue, Rule, Application, Conclusion)

Jims wife Belinda runs the rare stamps section of the business and conducts much of the business through the post. On Monday, she wrote separate letters to two of her regular customers, Eddie and Joseph, offering to sell them some rare stamps for $1500. Eddie received Belindas letter at 5 pm on Tuesday and immediately posted a letter of acceptance to Belinda on Wednesday at 9 am. Joseph also received Belindas letter of offer on Tuesday, and went to Belindas shop at 10 am on Wednesday and happily bought the rare stamps. On Thursday, Belinda received Eddies letter of acceptance and consequently Belinda telephoned Eddie and informed him that she had already sold the stamps to Joseph. Eddie is certain that he is entitled to the stamps.

Is Eddie correct to say that he is entitled to the stamps by arguing that his letter of acceptance was effective?

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!

Please use the IRAC method when answering the question: Jims wife Belinda runs the rare stamps section of the business and conducts much of the business through the post. On Monday, she wrote...

BUSINESS LAW AND ETHICS QUESTION Jims wife Belinda runs the rare stamps section of the business and conducts much of the business through the post. On Monday, she wrote separate letters to two of her...

Valerie spots a rosewood bookcase in an antique shop owned by Jim and Belinda, which has a price tag of $4000. Valerie approaches Jim and tells him that she will take the bookcase for $2000. Jim says...

Jim's wife Belinda runs the rare stamps section of the business and conducts much of the business through the post. On Monday, she wrote separate letters to two of her regular customers, Eddie and...

Jims wife Belinda runs the rare stamps section of the business and conducts much of the business through the post. On Monday, she wrote separate letters to two of her regular customers, Eddie and...

Please use the IRAC method when answering these questions. Issue Rule Application Conclusion Valerie spots a rosewood bookcase in an antique shop owned by Jim and Belinda, which has a price tag of...

apply IRAC, (I: ISSUE, R: RULE, A: APPLICATION, C:CONCLUSION) for the questions before. Valerie spots a rosewood bookcase in an antique shop owned by Jim and Belinda, which has a price tag of $4000....

IMPORTANT: Please use IRAC method when answering this question. Scenario: Jims wife Belinda runs the rare stamps section of the business and conducts much of the business through the post. On Monday,...

Do you think that a small business could get by if it only did social networking using online sites like Facebook or LinkedIn? What would they miss by using this approach and do you think it is...

1. What are the benefits from implementing a single, company- wide ERP system? 2. What challenges are likely to be encountered during implementation? 3. What additional recommendations would you make...

View Policies Current Attempt in Progress Sphingolipids are significant components of biological membranes. True False Attempts: 0 of 1 used

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...