Tom negotiates with Marion for the purchase of three brand new cars which he had seen...

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Tom negotiates with Marion for the purchase of three brand new cars which he had seen advertised in the local newspaper for £10,000 each. They are both local car dealers. Consider the legal position of the buyer in relation to English law of contract and the sale of Goods Act 1979 (as amended) in the following distinct situations: (a) Tom asks Marion to hold-on to the cars for a day or two until he gets a bank loan for the cars. Marion accepts, but when Tom visits Marion's showroom the following day he is informed that Marion had sold the cars. Tom negotiates with Marion for the purchase of three brand new cars which he had seen advertised in the local newspaper for £10,000 each. They are both local car dealers. Consider the legal position of the buyer in relation to English law of contract and the sale of Goods Act 1979 (as amended) in the following distinct situations: (a) Tom asks Marion to hold-on to the cars for a day or two until he gets a bank loan for the cars. Marion accepts, but when Tom visits Marion's showroom the following day he is informed that Marion had sold the cars.

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In the given scenario where Tom asks Marion to hold onto the cars for a day or two until he gets a bank loan for the cars and Marion subsequently sell... View the full answer