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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
3 months ago
It's all about the open offer concept, right?
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Novella
3 months ago
I thought once you get an offer, you have to sell?
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Davida
3 months ago
Wait, so he can just back out like that? Seems unfair.
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Carri
4 months ago
Totally agree, he can change his mind anytime!
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Asha
4 months ago
Jimmy's ad is just an invitation to treat, not a binding contract.
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Gussie
4 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
4 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
4 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
5 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
9 months 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
9 months 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
9 months ago
C) Because jimmy only stated that he intended to sell the scooter.
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Mindy
9 months ago
B) Because a seller can choose to withdraw their item whenever they want.
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Tesha
9 months ago
A) Because the advertisement was an open offer.
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Sarah
10 months 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
8 months ago
Jimmy: Sorry, but I'm not obligated to sell it to you.
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Dan
8 months ago
Buyer: But I already agreed to buy it for the full amount!
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Nobuko
9 months ago
Jimmy: I have the right to withdraw my item, it's not legally binding.
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Keith
9 months ago
Buyer: You can't just change your mind after accepting my offer!
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Denny
10 months 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
9 months ago
C) Because Jimmy only stated that he intended to sell the scooter.
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Sharen
9 months ago
B) Because a seller can choose to withdraw their item whenever they want.
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Marion
9 months ago
A) Because the advertisement was an open offer.
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Huey
10 months 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
8 months 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
9 months ago
C) Because jimmy only stated that he intended to sell the scooter.
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Lamonica
10 months ago
B) Because a seller can choose to withdraw their item whenever they want.
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Theola
10 months ago
A) Because the advertisement was an open offer.
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Lottie
11 months ago
But what about the buyer's rights? Shouldn't they be protected too?
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Lina
11 months ago
I agree with Eloisa, sellers should have the right to change their mind about selling.
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Eloisa
11 months ago
I think the answer is B because a seller can choose to withdraw their item whenever they want.
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