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CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 58 Topic 6 Discussion

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CIMA Fundamentals of Ethics, Corporate Governance and Business Law BA4 Question # 58 Topic 6 Discussion

BA4 Exam Topic 6 Question 58 Discussion:
Question #: 58
Topic #: 6

Pablo and Paula are in discussions with a potential buyer over the sale of their house. They tell the potential buyer that if they want to purchase the house for the full amount of £200,000, they'll need to send a letter that

confirms their offer by Friday. If they don't receive such a letter by then, they'll withdraw the house from the market.

Friday comes and no letter arrives. However, it turned out the potential buyer actually posted the letter on the Monday before, and it simply got lost in the post. The letter eventually turns up on the following Monday.

Baring this in mind, are Pablo and Paula legally obliged to sell their house?
A.

Yes - Because the potential buyer sent the letter before the closing date.

B.

Yes - The potential buyer can choose to accept Pablo and Paulo's price whenever he wants, providing that he hasn't already declined it.

C.

No - Because they received the letter after the closing date they do not have to accept the potential buyer's offer.

D.

No - They can decline the potential buyer's request at any time, regardless of when they received the letter.

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Actual exam question for CIMA BA4 exam by Orin15379 at Aug 3, 2025, 12:00:00 AM

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