(Solved by Humans)-About two weeks ago Sam sent a fax to Bob offering to sell his

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Question

About two weeks ago Sam sent a fax to Bob offering to sell his Ming vase to Bob for RM50,000. A day later Bob replied by fax, as follows, ?My son, Jim, has decided to buy your Ming vase for RM50,000. Jim will send you his cheque for RM50,000 within 21 days. If you change your mind about selling the vase please contact me immediately.? After receiving Bob?s fax, Sam decided not to sell the Ming vase. Due to an oversight, he did not inform Bob or Jim about this. Yesterday Sam received Jim?s cheque for RM50,000 with a note from Jim, which read as follows, ?I have enclosed herewith my payment for the Ming vase. I will collect the vase from you next week.? Sam now seeks your advice whether he is bound to sell the vase to Jim. Advise Sam.



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