question archive Details of Factual Scenario Vic places a notice in the window of his local newsagent which states: 'Luxury caravan for sale; fully equipped and in exceptional condition
Subject:ManagementPrice: Bought3
Details of Factual Scenario
Vic places a notice in the window of his local newsagent which states: 'Luxury caravan for sale; fully
equipped and in exceptional condition. Price available on request'.
Bob contacts Vic on Monday to ask if he would be prepared to sell the caravan for £10,000. Vic says
that he will only accept £12,000. Bob says that he will think about it but he may need a few days to
get the money together. Vic responds that he will keep his offer open until 11.30am on Friday but, if
Bob cannot find the funds by then, he will look elsewhere for another buyer.
On Tuesday, Vic contacts Ulrika to ask if she would be interested in buying his caravan for £13,000.
Ulrika replies that she is very interested and would like to know if the caravan has a dishwasher. Vic
responds, 'Yes it does. It's yours if I receive your reply by the end of the day on Friday'. Ulrika posts
her acceptance at 6.00pm on Wednesday evening and Vic receives her letter at 10.30am on Friday.
On Wednesday, George tells Vic that he would like to buy his caravan. Vic replies, 'I will sell for
£13,000, however, as such a large sum of money is involved, I want written confirmation of acceptance
by email'. George telephones Vic later that day and leaves a voicemail message on Vic's mobile phone
saying he accepts Vic's offer. Later that day, Vic sees that he has a message from George but
accidentally deletes it before listening to it.
On Thursday afternoon, Angelos offers Vic £12,000 in cash for the caravan. Vic accepts immediately.
Vic posts letters to Ulrika and Bob at 5.00pm on Thursday evening withdrawing his offers. Ulrika
receives her letter at 9.30am on Friday but Bob's letter never arrives.
On Thursday evening, Bob is in his local pub when he overhears Angelos saying, 'Drinks are on me.
I've just got a great deal on a second-hand luxury caravan!' Bob does not know Angelos and so does
not want to interrupt his celebrations, however, he is concerned that Angelos may have bought Vic's
caravan.
At 11.00am on Friday, Bob contacts Vic and says he has the £12,000 and asks when he can collect
the caravan. Vic responds that he has already sold the caravan to Angelos.
Advise the various parties as to any rights and liabilities which may arise in the law of contract
Advise the parties with reference to appropriate case law.