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CIMAPRA17-BA4-1 Exam - Topic 3 Question 84 Discussion

Jimmy wants to sell his scooter, so he puts an advert on the internet with a price of 50.He quickly gets an offer for the full amount, but then decides that he doesn't want to sell his scooter after all!The buyer complains and threatens to report jimmy to the police.This doesn't worry Jimmy as he knows he is not legally obliged to sell his scooter. Why is this?
A) Because the advertisement was an open offer. and B) Because a seller can choose to withdraw their item whenever they want. and C) Because jimmy only stated that he intended to sell the scooter.
D) Actually, jimmy does have to sell the scooter.

CIMAPRA17-BA4-1 Exam - Topic 3 Question 84 Discussion

Actual exam question for CIMA's CIMAPRA17-BA4-1 exam
Question #: 84
Topic #: 3
[All CIMAPRA17-BA4-1 Questions]

Jimmy wants to sell his scooter, so he puts an advert on the internet with a price of 50.

He quickly gets an offer for the full amount, but then decides that he doesn't want to sell his scooter after all!

The buyer complains and threatens to report jimmy to the police.

This doesn't worry Jimmy as he knows he is not legally obliged to sell his scooter. Why is this?

Show Suggested Answer Hide Answer
Suggested Answer: A, B, C

by Geoffrey at Apr 13, 2024, 08:55 AM

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Kimi
9 months ago
It's all about the open offer concept, right?
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Novella
10 months ago
I thought once you get an offer, you have to sell?
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Davida
10 months ago
Wait, so he can just back out like that? Seems unfair.
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Carri
10 months ago
Totally agree, he can change his mind anytime!
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Asha
10 months ago
Jimmy's ad is just an invitation to treat, not a binding contract.
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Gussie
10 months ago
I really hope it's not option D, because that would mean he has to sell it, which doesn't seem right.
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Mariann
11 months ago
I feel like this is similar to a practice question we did on offers. I think Jimmy's intention matters, so maybe option C?
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Herminia
11 months ago
I'm not entirely sure, but I remember something about sellers having the right to change their minds. Could it be option B?
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Catina
11 months ago
I think the key here is that an advertisement is usually just an invitation to treat, not a binding contract. So, maybe option A?
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Nohemi
11 months ago
Easy peasy! Jimmy doesn't have to sell because he can withdraw the item whenever he wants. As long as he didn't create a binding contract, he's in the clear. I'm confident option B is the right choice.
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Carlton
11 months ago
Okay, I think I've got this. The key here is that Jimmy's advertisement was just an invitation to treat, not a binding offer. So he's free to withdraw the scooter from sale, even after getting an acceptance. Option B looks like the best answer.
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Vallie
11 months ago
Hmm, I'm a bit unsure about this one. The scenario with the buyer threatening to report Jimmy to the police has me a bit confused. I'll need to carefully read through the options to see which one best explains why Jimmy doesn't have to sell the scooter.
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Kathrine
11 months ago
This seems like a straightforward question about contract law. I'll focus on understanding the key facts and then applying the relevant legal principles.
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Leigha
11 months ago
The key here is that ADP isn't being used, so I'd say the nodeshell is the way to go. That's where you can directly configure the advanced drive partitioning settings.
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Bette
11 months ago
Isn't expert power based on knowledge? So that can't be it... maybe it is reward power?
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Delfina
11 months ago
I'm pretty confident that creating a VPC interface endpoint for SageMaker would let us keep everything internal, right? That sounds like the safest choice.
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Mariann
11 months ago
I think the right choice involves some kind of vulnerability. Options C and D sound plausible, but I can't recall the specifics.
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Jeannetta
11 months ago
Okay, I think I know how to do this. I just need to find the present value of the $100 annual payments using the given discount rate.
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Hannah
1 year ago
I bet the buyer is just trying to pull a fast one on poor Jimmy. If I were him, I'd tell that guy to take a hike - with his own scooter!
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Dalene
1 year ago
I'm going with B. Jimmy's not a used car salesman, he's just a guy trying to sell his stuff. The buyer should be grateful Jimmy even considered their offer!
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Darnell
1 year ago
C) Because jimmy only stated that he intended to sell the scooter.
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Mindy
1 year ago
B) Because a seller can choose to withdraw their item whenever they want.
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Tesha
1 year ago
A) Because the advertisement was an open offer.
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Sarah
1 year ago
This is such a simple question. The answer has to be B. Jimmy's just exercising his rights as the owner of the scooter. The buyer should have learned to read the fine print!
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Kristian
1 year ago
Jimmy: Sorry, but I'm not obligated to sell it to you.
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Dan
1 year ago
Buyer: But I already agreed to buy it for the full amount!
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Nobuko
1 year ago
Jimmy: I have the right to withdraw my item, it's not legally binding.
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Keith
1 year ago
Buyer: You can't just change your mind after accepting my offer!
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Denny
1 year ago
D is definitely wrong. There's no way Jimmy has to sell the scooter if he doesn't want to. Sellers have the freedom to change their minds, even after getting an offer.
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Charlette
1 year ago
C) Because Jimmy only stated that he intended to sell the scooter.
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Sharen
1 year ago
B) Because a seller can choose to withdraw their item whenever they want.
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Marion
1 year ago
A) Because the advertisement was an open offer.
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Huey
1 year ago
I think the answer is B. As the seller, Jimmy has the right to withdraw his item from sale at any time before a binding contract is formed. The buyer can't force him to sell it.
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Arletta
1 year ago
B) Because the seller, Jimmy, has the right to withdraw his item from sale at any time before a binding contract is formed.
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Odelia
1 year ago
C) Because jimmy only stated that he intended to sell the scooter.
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Lamonica
1 year ago
B) Because a seller can choose to withdraw their item whenever they want.
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Theola
1 year ago
A) Because the advertisement was an open offer.
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Lottie
1 year ago
But what about the buyer's rights? Shouldn't they be protected too?
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Lina
1 year ago
I agree with Eloisa, sellers should have the right to change their mind about selling.
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Eloisa
1 year ago
I think the answer is B because a seller can choose to withdraw their item whenever they want.
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