Principles Of Business Law
...Instruction:
• Answer ALL questions.
• Marks will be awarded for good presentation and thoroughness in your approach.
• NO marks will be awarded for the entire assignment if any part of it is found to be copied directly from printed materials or from another student.
• Complete this cover sheet and attach it to your assignment.
Student declaration:
I declare that:
I understand what is meant by plagiarism.
The implications of plagiarism have been explained to me by my institution.
This assignment is all my own work and I have acknowledged any use of the published or unpublished works of other people.
Student's signature: JhenNee Date: 02/03/2006
Total number of pages including this cover page 23 pages
Submission Date 02/03/2006 Due Date 02/03/2006
Student's ID 0204-0104-L003 Class Code DBA05F104
Student's Full Name GOH JHEN NEE
Lecturer's Name MR. BRIAN
OFFICIAL USE ONLY
MARKER’S COMMENTS
Marker's Name Marks Awarded /100
ASSIGNMENT
PRINCIPLES OF BUSINESS LAW
BA 333
QUESTION 1
Allan put an advertisement in the local newspaper on 11 November to sell his sports car for $20,000. The advertisement explained very clearly the condition of the sports car.
On 12 November Benny called Allan and said he would be willing to pay $15,000 for
the car. Allan said that he would only accept $18,000, and that he would let Benny have until 17 November to agree to this price.
On 14 November Benny wrote a cheque of $1,800 as a “ten percent deposit” and included this in a letter to say that he agreed to the price of $18,000. Allan received and read this letter on 16 November.
On 15 November Allan sold the sports car to his brother Alex for $17,000.
Discuss whether Allan and Benny have entered into a contract for the sports car.
[60 marks]
QUESTION 2
Write short notes on the following:...
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