Mark Harrington of Harrington’s Rare Books Law Selling Case Study Law Assignment Help

Assignment Task

Task

Philomena owns a bookshop which specialises in acquiring and selling rare books. She recently saw an advertisement in a specialist book magazine for a first edition of a book written by Niccolò Machiavelli. The advertisement, which had been placed by Mark Harrington of Harrington’s Rare Books, stated that it was ‘on offer for £1000’. Philomena telephoned Mark on Monday morning. She informed Mark that she would buy the book for £750. Mark replied that he would sell it for £900. Philomena responded by saying she would need some time to think about buying the book for £900. Mark informed Philomena that he would not sell the book to anyone else until Philomena phoned him back in three days’ time with her final decision. On the same day that Philomena had telephoned Mark, Ronan visited Philomena’s shop that afternoon. Ronan asked Philomena if she had a first edition of the book written by Niccolò Machiavelli and told Philomena that he would be willing to pay £1500 for such a book. Philomena informed Ronan that she would be able to obtain and sell him the book. Ronan was delighted and paid Philomena the £1500 in cash. She informed Ronan that he would be able to collect the book on Friday at 4pm. As soon as Ronan left the shop Philomena telephoned Mark. She informed Mark that she would purchase the book for £900. However, Mark informed Philomena that he had already sold the book to Greta for the asking price of £1000.

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