Saturday, August 21, 2010

Business law case studies part 4 thanks again?

Bart owned 100 shares of stock that was actively traded on a national stock exchange. Bart wanted to sell the shares but felt that his profit would be seriously diminished by selling through a broker and paying the customary brokerage commission. Bart offered the 100 shares to any of a group of six people in a conversation at a party. The offered price was $72.50 per share, theprice at which the shares had close that day. No one really responded to the offer at that time. Ten days later when the shares were trading at $76.26, Marie, one of the offerees at the party, appeared at Bart's office saying that she accepted the offer. Bart claimed the offer no longer was avaible.Business law case studies part 4 thanks again?
Well, I'd say Marie needs to come up with more money and pay the going price for the shares. She should have put her acceptance in at the time the offer was given at the 72.50 and she would have made the profit. Sorry for her. Good for Bart.
  • topical cream
  • No comments:

    Post a Comment