Wally Wants to Sell His Used Computer to Susan for $400

question 24

Essay

Wally wants to sell his used computer to Susan for $400. Susan says that she will think about it. Wally tells Susan on Monday that if she wants the computer, she must call him on his cell phone by 6 p.m., the next day. That next morning Susan decides she does want the computer, but she has misplaced Wally's cell phone number. She finds his address in an old campus directory. Therefore, she drops a note to him through U.S. mail telling him that she wants the computer. Meanwhile, on Wednesday, before he gets Susan's acceptance, Wally sells the computer to Alice. When Wally calls Susan to tell her the bad news, Susan tells Wally that she accepted the contract and that under the Mailbox Rule, he is liable to her for damages computed by the difference between $400 and the amount it costs her to obtain a similar computer. Who will win in the dispute between Wally and Susan and why?

Assess the role of emotions and beliefs in the appreciation of art.

Recognize the ethical and societal responsibilities attributed to artists and their work.

Identify the influence of art in shaping an individual's character and societal norms.

Explore the differentiation between subjective and objective realities in the context of art.

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Definitions:

Unlevered Cost

The cost of funding a project without any debt, reflective of the project's risk as if financed entirely by equity.

Annual Coupon

The yearly interest payment made to bondholders, typically expressed as a percentage of the bond's face value.

Tax Rate

The slice of income or profits that is claimed by the government from corporations or people in the form of taxes.

Break-even Level

The point at which total costs and total revenue are equal, resulting in no net loss or gain from business operations.