Question (1):

Mark sent the below offer to Michel via email.


Dear Michel,



This is Mark the owner of the red BMW. This amazing car does worth $6000. However, I am offering you to buy this car for $5000. This offer is stands for 3 days starting from the date of this email. If you wish to buy the car and accept this offer, please reply in writing to this email.



Looking forward to hear from you.



Regards,

Mark.



Michel replied to the email as follows:
Dear Mark,

Thank you for your email. I believe that this car is awesome and I am keen to purchase it. I accept your offer but I will pay you $4700 as I have to pay government fees and insurance.

I will visit you tomorrow to finalize all related documents.

Best,

Michel.



A. Do you think the deal is settled? Why or why not? Please state the rule that led you to your answer. (1 point)


B. If Michel replied to that email after 5 days from the day he received it and agreed to pay $5000, is the agreement still valid? State the rule that support your answer. (0.5 point)


Question (2):

Nicole is the owner of NM motorcycle shop. On Sunday night, Alien, a 16 years old student, visited Nicole’s shop. In that night, Nicole offered Alien a Honda CB motorcycle for $750. She stated “I will come back tomorrow morning to check it and if I like it I will pay you the $750’’. On Thursday morning of the next week, Alien visited the shop, chose a Tiger 800 motor, and purchased it for $550. After five months, she came back to the shop, returned the motor to Nicole and asked him to return the money she paid, as she did not like the motor.



A. Nicole alleged that there was a promise from Alien on Sunday night which constituted a consideration. Do you believe that the promise was supported with consideration? Support your answer with the suitable rule of consideration. (0.5 point)


B. Dose Alien has the right to return the motor and get her money back? Does Nichole have the right to refuse to pay the money back to Alien? Illustrate the rule regarding this matter in details. (1 point)

End of assignment