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MBA Essay Writing Service

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ilac Method

On April 20 Ming wrote a letter to Lee in which she stated that she was wanting to sell her boat for $10,000 and since Lee had so often admired it, would she be interested in buying it? On receiving the letter the next day, Lee immediately telephoned Ming stating, “It’s exactly the boat I’m after but I would like a few days to think about it. Would you hold the boat for me for a week?” Ming answered “Certainly.” On the evening of April 26, Lee telephoned Ming saying, “I accept your offer and I will bring payment for the boat to your house tomorrow.” Ming replied to Lee “I’m sorry but you are too late. I sold the boat to Cherry earlier today. On hearing this Lee was furious and insisted Ming recover the boat and sell it to her. Using the ILAC method and relevant contract law and supporting cases, discuss with reasons whether or not a legally enforceable contract exists between Ming and Lee and explain the subsequent consequences of your answer.   continue reading →
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