Alan is a student of ABC school He just took unit “Commercial Law” in June 2015: Business Law Assignment, NUS, Singapore

Business Law Assignment Question

Alan is a student of ABC school. He just took unit “Commercial Law” in June 2015 and received a “Credit” Grade for the unit.

Whilst tidying up his bookshelves, he decided to sell his textbook “Introduction to Business Law in Singapore”, which was a compulsory textbook used in “Commercial Law”. As he knew of various friends in ABC school, he posted on his Facebook page on 1 Nov 2015, as follows:-

“To all my friends who are students enrolling or are enrolled in ABC school. I am selling my textbook “Introduction to Business Law in Singapore”, together with all the notes I took in class. The notes are written in an exercise book and very useful as I obtained a High Distinction for this unit! The selling price is $200.00. If keen, please pay me by 5 Nov 2015.”

Bernard is a friend on Alan’s Facebook account. He will be taking the “Business Law” unit on

23 Nov 2015 and is very keen to purchase the material from Alan. He immediately posted on

Alan’s Facebook wall on 2 Nov 2015:-

I am keen to buy. But can you sell at $150.00?

Charleen is Alan’s younger sister who is taking her GCE “0” levels this year. She saw Alan’s post and was very keen to read up on Business Law. In the morning of 2 Nov 2015, while Alan was still in bed, she told him that she will buy Alan’s textbook for $200.00. Alan merely smiled. He thought that his sister must be mad to read up on Business Law at her age. When Charleen asked if she could pass the money to him on 6 Nov 2015, Alan was thinking about his favorite football team’s performance at last weekend’s match and nodded. He then went back to sleep.

Damien is Bernard’s friend and is a student at ABC School He is not on Alan’s Facebook account but knows who Alan is. He heard about Alan’s offer from Bernard and is keen to buy the material as he wants to do well for the unit. After obtaining Alan’s handphone number from Bernard, he sent Alan an SMS:

“Alan, this is Damien. I am keen to buy your Commercial Law material. Can I pass the money to you in ABC School on 4 Nov 2015?”

On 3 Nov 2015, Alan replied to Bernard’s post on his Facebook wall:- “Sorry. I am selling for $200.00. In fact, there is an offer already.”

On the night of 3 Nov 2015, after much consideration, Bernard decided to buy Alan’s material. However, he would be going overseas for 3 days and could not meet up with Alan. As such, he put $200.00 cash in an envelope and posted it to Alan on the morning of 4 Nov 2015. He then informed Alan to look out for the cash. Alan received the cash at 5:00 pm on 5 Nov 2015 when he opened the letterbox.”

On the evening of 4 Nov 2015, Damien saw Alan in ABC School. He ran up to him and passed him $200.00 cash and said that it is payment for his COMMERCIAL LAW material. Alan kept the money and informed me that he will pass everything to him on 7 Nov 2015.

On 6 Nov 2015, after receiving her pocket money, Charleen left $200.00 on Alan’s table.

On 7 Nov 2015, Alan passed to Bernard his original textbook only. He commented that his notes are written in the textbook. On the same day, he bought the same textbook from a bookshop and passed the textbook, together with his hand-written notes, to Damien.

On 23 Nov 2015, both Bernard and Damien realized that the textbook “Introduction to business law in Singapore” was issued free-of-charge by ABC School. They are infuriated. Discuss, incorporating your understanding of contract law, the following:-

i. Whether a contract was formed. If so, when was it formed and who were the contracting parties? Please analyze and write no more than 1000 words.