Fred an artist offers to sell jane a painting for 50 jane, Ask an Expert

Management Studies

Fred, an artist, offers to sell Jane a painting for $50. Jane responds that she needs more time to consider Fred’s offer. The next day Fred dies and the value of the painting increases in value to $2,000. Jane calls Fred’s widow, Wilma and says, “ I accept Fred’s offer to sell the painting”. Wilma refuses to sell the painting stating that there was no contract.

Is Wilma correct? Explain the legal principle or rule of law that applies to this case to support your answer.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93110118

Have any Question?Write your Review or question?

Related Questions in Operation Management

One important purpose of a company hewlett-packard website

One important purpose of a company Hewlett-Packard website is to communicate positive information about the company. Hewlett-Packard uses inclusive practices such as nondiscrimination policy, electronic job posting, hara ...

Discussioncompare and contrast two techniques used to

Discussion Compare and contrast two techniques used to reduce utilization of medical services in Saudi Arabia to control the cost of care. How do healthcare providers (such as physicians and hospitals) address financial ...

Organisation development and change assignment - critical

Organisation Development and change assignment - Critical Essay Your task is to compare Singapore and Australia in terms of Hofstede's cultural dimensions, and then discuss how national culture influences French & Raven' ...

The company is pfizer please answer the following questions

The company is Pfizer please answer the following questions for the company. There is no case study to this. I need these questioned answer for the company Pfizer 1. Is your company varying its products or service to ada ...

1 explain the difference between intentional interference

1. Explain the difference between intentional interference with contractual relationship and interference with prospective advantage ? Give examples of each. 2. Use examples to discuss the different capabilities needed b ...

What are the major options for correcting a labor shortage

What are the major options for correcting a labor shortage? Discuss each one in some detail. What is the OUCH test? Make sure you describe each of the four components of the test, what it is used for, and when it is used ...

1 what role does the sourcing agent play in analyzing

1. What role does the sourcing agent play in analyzing international markets, marketing? 2. How doe sthe outsourcing approach challenge the distribution process in international makrets? 3. Differentiate the various kind ...

1 as a marketing manager you would want to emphasize your

1. As a marketing manager, you would want to emphasize your points-of-difference and…? 1- point out competitors' points-of-parity 2- emphasize competitors' points-of-difference 3- negate competitors' perceived points-of- ...

Competition in retail can be direct or indirectthink of a

Competition in retail can be direct or indirect. Think of a product you typically buy. Under what circumstances would you buy another product as a substitute ?

1what are the effects and solutions of water pollution

1. What are the effects and solutions of water pollution . pls note that i need a big answer near about 1000 words in paragraphs. pls care about plagerism. Be sure answer should be in your own wording. 2. Define channel ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert