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aleksandrvk [35]
2 years ago
15

In need of money, the owner of a ring prepared an email one evening proposing to sell the ring to a friend for $500, but only if

he responded within 24 hours. Unable to bring herself to send the email, the owner, who normally was a teetotaler, began drinking. When she was thoroughly intoxicated, she sent the email without realizing it. After the owner sobered up the following afternoon, she called her friend and said that she had never meant to send the email, but her friend informed her that he had already responded by email, agreeing to the transaction. Does a valid contract exist
Business
1 answer:
weeeeeb [17]2 years ago
3 0

Answer: No

Explanation:The law presumes that some people do not have the power to form contracts. These people are:

children under the age of 7

people who lack mental capacity

people who are under the influence of drugs or alcohol

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Marcus Lane, was a geologist who travelled all over North America and South America and this results in several expense reimbursements. Lane engaged in fraudulent activity by double booking his air travel.

He used cheaper ticket for the actual flight and more expensive ticket was returned for credit. But, he submitted the expensive ticket for reimbursement.

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According to liquidity preference theory, equilibrium in the money market is achieved by adjustments in
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According to this theory if our investments are more liquid then we ought to cash in for full value as cash is often accepted as most liquid asset.

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8 0
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Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will ca
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