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BUSI 3613 (0)

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Business Administration
BUSI 3613
Steven Enman

Eric bought a house for 150 000 He paid 25 000 immediately and promised the seller that he would pay the remainder in monthly instalments over the next ten years Eric then told his daughter Naomi that he would give the house to her if and when she paid all of the monthly payments Naomi was reluctant to commit herself to that arrangement because she was not sure if she would always have enough money to make the payments Eric said to her Well lets see how it goes Naomi made the monthly payments for six years Unfortunately she and her father then began to fight At that point he told her that the deal was off Eric has offered to repay Naomi for all of the payments that she had made but he insists that the house will always belong to him The market value of the house has recently and unexpectedly increased from 150 000 to 400 000 Which of the following statements is most likely TRUEEric is required to give Naomi an opportunity to finish completing the payments and if she does so she is entitled to the houseThe case of Carlill v Carbolic Smoke Ball Co is best known for dealing with the issue ofunilateral contractsQuality Kitchens Inc operates a store that sells kitchen utensils and gadgets In an attempt to increase sales the store ran an advertisement in a newspaper that featured Juicy Brand Blenders for 4999 Martha rushed to the store with the intention of buying a blender When she arrived however she was told that while there were no such blenders in stock t
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