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In January Elle offered to buy Jane's boat for ￡3,000. Jane immediately wrote a letter to Elle saying 'For a quick sale I would accept ￡3,500. If you are not interested please let me know as soon as possible.' Elle did not see the letter until March when she returned from a business trip but then replied. 'I accept your offer. I trust that if I pay ￡3,000 now, you can wait until June for the remaining ￡500.' On receiving the letter, Jane attached a 'sold' sign to the boat but forgot to reply to Elle

20

【論述題】

State the nature of Jane's letter to Elle.

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考點：Chapter6Breachofcontractandremedies

Elle's offer of ￡3,000 is an offer so therefore Jane's letter forms a counter-offer, which has the effect of terminating Elle's offer: Hyde v Wrench 1840.

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Vlad generates a substantial income from illegal tax evasion and sought advice from Gloria (his personal accountant) on how to dispose of his illegal earnings. Gloria suggested that to disguise the source of the funds, Vlad should purchase a chain of restaurants and pass his gains from the illegal operation through the restaurants' accounts. Vlad agreed with Gloria’s proposal and appointed her as the restaurant chain’s finance director and together they passed the illegal money through the operation.

25

【論述題】

State the offence of money laundering.

State whether Gloria has any liability for money laundering.

State whether Vlad has any liability for money laundering.

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In January the board of directors of Huge plc decided to make a takeover bid for Large plc. After the decision?was taken, but before it is announced, the following chain of events occurs:?

(1) Slye, a director of Huge plc, buys shares in Large plc?

(2) Slye tells his friend Mate about the likelihood of the takeover and Mate buys shares in Large plc?

(3) At a dinner party Slye, without actually telling him about the takeover proposal, advises his brother?Tim to buy shares in Large plc and Tim does so?

28

【論述題】

?State whether Slye committed insider dealing when he bought shares in Large plc?

?State whether Mate has any liability for insider dealing?

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