CIMA Exam CIMAPRA17-BA4-1 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?

ABecause the advertisement was an open offer.

BBecause a seller can choose to withdraw their item whenever they want.

CBecause jimmy only stated that he intended to sell the scooter.

DActually, jimmy does have to sell the scooter.

Show Suggested Answer

Suggested Answer: A, B, C

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

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Huey

2 days 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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Lottie

14 days ago

But what about the buyer's rights? Shouldn't they be protected too?

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Lina

22 days ago

I agree with Eloisa, sellers should have the right to change their mind about selling.

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Eloisa

26 days ago

I think the answer is B because a seller can choose to withdraw their item whenever they want.

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