At 430pm on monday alex reads michaels acceptance and


Alex has decided to try and sell his car by parking it outside his house with a notice on the windscreen stating: "For sale. Pristine example-one owner SGD60,000.00 or near offer. Please call number 38 or telephone 567552525, only."

On Monday at 9am, Joshua sees the car, but as he is late for work he is unable to stop. He telephones Alex from work and makes an offer of SGD55,000.00 which Alex says he will consider.

Michael calls Alex's house on Monday at 11.00am but Mary, Alex's daughter, is the only person there. He therefore leaves a note reading: "Monday 11.05am. Please keep car for me-here is a cheque for SGD60,000.00 Michael." Mary leaves the note on Alex's desk in his study.

On Monday afternoon, Alex decides to accept Joshua's offer and posts a letter at 2.30pm to Joshua's business address saying: "I agree to sell on your terms. Because of the lower price cay you pay in cash?"

At 4.30pm on Monday, Alex reads Michael's acceptance and immediately telephones Joshua's business address, leaving a message on the recorded answering machine: "Ignore the letter you will receive-deal off. Alex."

Joshua is away on business and only listens to the tape on Wednesday evening. At 2.15pm on Monday, Lizzy sees the notice and hurriedly posts a letter of acceptance and cheque for SGD60,000 in time for the 3.00pm postal collection. Unfortunately, as Lizzy misaddress her letter, it only arrives on Friday.

Questions:

Advise each party as to their legal position.

Which of the above cases are related to the Tenders Law

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Accounting Basics: At 430pm on monday alex reads michaels acceptance and
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