A and B Are Negotiating a Contract Under Which,if It

question 76

Essay

A and B are negotiating a contract under which,if it is concluded,B will purchase A's land.A sends a fax to B stating,"I will sell you the 40 acres of land that I own at 1234 Concession Road 2,County of Simcoe for $100 000.00." B faxes the following response: "I can't pay $100 000.00.Will you take $92 000.00?" On receiving this fax,A responds by saying,"$92 000.00 is the lowest that I can go." After thinking about it for a time,B faxes back to A saying,"I'll pay the $92 000.00,but I want you to throw in your harvester machine." A then responds by fax,which says,"Done.But maybe we should put the agreement in writing." No further response is forthcoming from B and the agreement is never put into a formal written document.A few days later,B bumps into A and says,"I'm getting the money to pay you for your farm." To which A replies,"Oh,I changed my mind,and since we don't have written contract,the deal is off." In this situation,what will both A and B argue,and who is most likely to succeed?

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Definitions:

Self-Stigmatizing

The process by which individuals internalize negative stereotypes and judgments associated with their own condition or identity, leading to feelings of shame or inferiority.

Stern's Formula

A formula used to calculate the intelligence quotient (IQ) based on the mental age divided by the chronological age, then multiplied by 100.

IQ

Stands for Intelligence Quotient, a score derived from standardized tests designed to measure human intelligence.

Percentile

A statistical value indicating the relative position of a score within a larger set, showing the percentage of scores that fall below it.