business law
Anthony is a student of institution of Higher Education. He just took unit “Business Law” in June 2014 and received a “Credit” Grade for the unit.
Whilst tidying up his book shelves, he decided to sell his Business Law handbook. As he knew of various friends in Institute of Higher Education, he
posted on his Facebook page on 1 Nov 2014, as follows:-
“To all my friends who are students enrolling or are enrolled in Institute of Higher Education. I am selling my Business Law handbook together with
all the notes I took in class. The notes are written in an exercise book and very useful as I obtained a High Distinction for this unit! The selling
price is $200.00. If keen, please pay me by 5 Nov 2014.”
Ben is a friend on Anthony’s Facebook account. He will be taking the Business Law unit on 23 Nov 2014 and is very keen to purchase the material from
Anthony. He immediately posted on Anthony’s Facebook wall on 2 Nov 2014:-
“I am keen to buy. But can you sell at $150.00?”
Candy is Anthony’s younger sister who is taking her GCE “O” levels this year. She saw Anthony’s post and was very keen to read up on Business Law. In
the morning of 2 Nov 2014, while Anthony was still in bed, she told him that she will buy Anthony’s textbook for $200.00. Anthony merely smiled. He
thought that his sister must be mad to read up on Business Law at her age. When Candy asked if she could pass the money to him on 6 Nov 2014, Anthony
smiled again and went back to sleep.
Don is Ben’s friend and is a student at Institution of Higher Education. He was not on Anthony’s Facebook account but knew who Anthony was. He heard
about Anthony’s offer from Ben and was keen to buy the material as he wanted to do well for the unit. After obtaining Anthony’s handphone number from
Ben, he sent Anthony an sms ;”Anthony, this is Don. I am keen to buy your Business Law material. Can I pass the money to you in Institute of Higher
Education on 4 Nov 2014?”
On 3 Nov 2014, Anthony replied to Ben’s post on his Facebook wall:-
“Sorry. I am selling at $200.00. In fact, there is an offer already.”
On the night of 3 Nov 2014, after much consideration, Ben decided to buy Anthony’s Business Law material. However, he would be going overseas for 3
days and could not meet up with Anthony. As such, he put $200.00 cash in an envelope and posted to Anthony in the morning of 4 Nov 2014. He then
informed Anthony to look out for the cash. Anthony received the cash at 5:00pm on 5 Nov 2014 when he open the letterbox.”
In the evening of 4 Nov 2014, Don saw Anthony in Institute of Higher Education. He ran up to him and passed him $200.00 cash and said that it is
payment for his Business Law material. Anthony kept the money and informed that he will pass everything to him on 7 Nov 2014.
On 6 Nov 2014, after receiving her pocket money, Candy left $200.00 on Anthony’s table.
Discuss whether a contract was formed. If so, who are the contracting parties?
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