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The Case Of Purchasing Classic Porsche

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The Case Of Purchasing Classic Porsche
The purpose of this paper is to reflect the comprehensive understanding on the elements of the contract along with its principles of the contract law. The paper is also revolving around the level at which the law has influenced the given case of James and Robert while providing the appropriate solution for both Robert and James.
Summary of Case of Purchasing Classic Porsche
The case is revolving around the James, who is the owner of a Porsche 911 of 1980 car willing to sale and Robert a potential buyer of this classic car. James has placed an advertisement in Classic Cars Weekly Magazine offering for £40,000. Robert saw the advertisement on Thursday and called James saying that he could purchase this classic car for £35,000 only. James replied that he cannot accept anything less than £37,500 and is not selling it before Monday. In the meanwhile, Robert considered this price and called James on Saturday for giving him acceptance for the offer. But, James was not available to attend his call as he was in a classic sports car show. Robert then left the …show more content…
For a contract being made, there is a requirement of acceptance from the other party. This is given when the other party is cleared with the offer’s rules and regulations and there can be no negotiations or discussions once the offer is accepted. Also, there can be no discussions or negotiations if the offer is not accepted by the second party. In the given case of James and Robert, it is important to note that Robert did not accept the offer given by James at the moment and hence, there was no contract in place. However, he called James on Saturday but could not talk to him due to his unavailability and left a message of his acceptance to his offer of thirty seven thousand five hundred pounds for the Porsche 911. The message was not received by Robert and he sold his car to someone else while he was unavailable attending the sports car
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