Business Law Essay Example | Topics and Well Written Essays - 1500 words - 27

Business Law - Essay Example By stating a different amount and becoming the offeror (Mark), the other party seems not to be willing either and instead gives her final price, which is also aligns with Hyde v Wrench case (1840). Initially, Angie was the offeror but when James emerges with the price of $3,500 coupled with promise of helping her and the husband to pack in their quest to relocate to Sydney, she becomes offeree. This is because James then being an offeror stated the price, which he can afford to part with for the artwork and afterwards help Angie and her husband to pack for Sydney. Therefore, it was then Angie to accept or decline taking the offer based on unequivocal conditions already stated by James. In addition, the aspect of turning Angie to be an offeree is evident by her conduct, which according to law has indicated â€Å"intention† to legal consequences (Gibson & Fraser 2013, p. 367). This is being a compliant to an offer made though a â€Å"counter offer† with a condition that James will help them to relocate. Therefore, it was for Angie to accept or decline but due to the favourable terms that James stated, she decided to take the offer and even reject that of Mark. Sinc e, his mail reached her before that of James. Angie has a contractual relationship with her cousin James. This is because as per the case study, it is evident that she accepted â€Å"to sell the paining to James on that basis.† â€Å"Basis† in this case denotes the assistance, which with her husband they would receive from James. However, the latter offer seems too good for Angie to accept and decline $6,700 offered by Mark. The formation of the contract was after Angie exhibiting conduct in a manner to suggest unequivocal â€Å"intention† to legal consequences. This is quite evident with how despite having received Mark’s email earlier and seen to have come before that of her cousin, decides she will take the offer. Hence, she entered into a contract on 16