100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
Summary ContractRemediesEssay Unit7 1 .docx LS311 Business Law Unit 7 Assignment MEMORANDUM To: Les Agne, Attorney Law Re: Potential Causes of Action for Breach of Contract and Specific Performance In this case, Candie Cardigan, who is the representative f$4.99
Add to cart
Summary ContractRemediesEssay Unit7 1 .docx LS311 Business Law Unit 7 Assignment MEMORANDUM To: Les Agne, Attorney Law Re: Potential Causes of Action for Breach of Contract and Specific Performance In this case, Candie Cardigan, who is the representative f
32 views 0 purchase
Course
Purdue
Institution
Purdue University
ContractRemediesEssay Unit7 1 .docx LS311 Business Law Unit 7 Assignment MEMORANDUM To: Les Agne, Attorney Law Re: Potential Causes of Action for Breach of Contract and Specific Performance In this case, Candie Cardigan, who is the representative for CARDWARE is auctioning off her strapless ...
contractremediesessay unit7 1 docx ls311 business law unit 7 assignment memorandum to les agne
attorney law re potential causes of action for breach of contract and specific performance in t
Written for
Purdue University
Purdue
All documents for this subject (704)
Seller
Follow
helperatsof1
Reviews received
Content preview
LS311 Business Law
Unit 7 Assignment
MEMORANDUM
To: Les Agne, Attorney Law
Re: Potential Causes of Action for Breach of Contract and Specific Performance
In this case, Candie Cardigan, who is the representative for CARDWARE is auctioning
off her strapless giraffe print dress made of silk, satin, and velvet markings. The dress that she is
auctioning off is from a movie that they filmed in South Africa. This dress has also been
, presented among other unique famous dresses in the Silkadonia Actors Guild Museum. Cassie
has been appointed the auctioneer position for the World Wide Auction House. The price for the
dress was being sold for $5,000. During the auction two buyers, Jade and Pearl, were going back
and forth increasing prices to win the dress. Pearl appeared to win the auction for the dress and
Cassie acknowledged that and nodded her head. However, Candie that is representing her dress
in the auction told Cassie to not sell the dress to Pearl but to sell it to Jade. Pearl then goes to
Cassie and presents her with the $8,500 that she bid for the dress. Cassie then denies the money
and tells Pearl that the dress should go to Jade. Candie than explains to Pearl that Jade had
supposedly raised her paddle after Pearl bided for $8,500 and showed five fingers meaning that
she was going to bid $500 more than Pearl. In the reality of things, Jade did not do what Candie
was explaining.
Auction contracts are between the seller and buyer. In this, the seller agrees to sell a
certain item or property for the highest price to the buyer and the buyer than agrees to pay it in
full. At an in-person auction, the auctioneer gives a signal either by voice or movement
acknowledging the acceptance of the bid offered.After the acceptance of the bid the auction for
that item is closed. “When the auction completes, the seller may not refuse to sell the item for the
highest bid amount. The buyer can also not refuse to pay the price. When the bid is accepted, the
auction is complete, and a binding contract is created.” (Know, 2020) In this situation, Cassie
nodded towards Pearl showing Pearl and giving her conclusion that she has won the auction on
the dress. Therefore, since the auction was completed for that item, Pearl did the right action by
presenting the money that she bided for the dress to Cassie. Cassie then has no right to deny
Pearl of the dress even though Candie told Cassie that Jade should have it.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller helperatsof1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $4.99. You're not tied to anything after your purchase.
