You are in the train station waiting for your train to arrive. You see a vending machine from where you can buy snacks and chips for $3.50. Posted on the machine is a sign saying: "Property of XYZ Vendsolutions Pty Ltd". You insert the coins required into the machine and out comes a packet of chips. However, when you open the packet of chips, you find bits of plastic inside and you don't want to eat the chips. You want your money back.
Required:
With reference to the essential elements for the formation of a contract, explain:
a) Did you enter into a contract in this scenario? (5 marks, maximum 500 words)
b) If your answer is yes, with whom did you enter a contract? (5 marks, maximum 150 words)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You are in the train station waiting for your train to arrive. You see a vending machine from where you can buy snacks and chips for $3.50. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A company would like to implement a management information system that integrates all functional areas within an organization to allow information exchange and collaboration among all parties involved in business operations.
Answers (1)
On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. Flores uses the gross method of accounting for sales discounts.
Answers (1)
Last week, the Card Shop had 600 shoppers enter the store. Of those 600 shoppers, 120 actually made purchases. What would be the conversion rate for the store's sales staff?
Answers (1)
In the normal operation of business, you receive a check from a customer and deposit it into your checking account. With your bank statement you are advised that this check for $775 is "NSF.
Answers (1)
A master (static) budget: Group of answer choices drops the current month or quarter and adds a future month or quarter as the current month or quarter is completed.
Answers (1)
New Questions in Business
Life insurance applicant pays the initial premium at the time of application and receives a Conditional receipt. If coverage is issued as applied for, when did coverage go in effect?
Answers (1)
When computing the net cash provided by operating activities using the indirect approach on the statement of cash flows, which item below would NOT be added to net income? Depreciation. Loss on the sale of an asset. Decrease in accounts payable.
Answers (1)
Society cannot produce all that it wants what is this called
Answers (1)
The fastest growing plant on record is the hesperoyucca whipplei. suppose a plant of this type grows 1.9 m in 14 days. what is its growth rate in micrometers per second?
Answers (1)
Is it reasonable to think that a constant growth stock could have g > rs? it is not reasonable for a firm to grow even for a short period of time at a rate higher than its required return?
Answers (1)