Business Law and Ethics

Wizkid in Delta state (Nigeria) wrote to Kofi Kinata in Takoradi (Ghana) offering to sell to Kofi Kinata his Mercedes Benz car for $1,000,000. On receiving Wizkid’s offer, Kofi Kinata telephoned him in order to accept. Wizkid, however, said that since such a large sum of money was involved, he wanted written confirmation of the acceptance from Kofi Kinata. He said that if Kofi Kinata got his letter of acceptance to him by 11am the day (Tuesday), he would go ahead with the sale at $1,000,000. Kofi Kinata at once wrote and posted a letter of acceptance, which Wizkid received at 9am on Tuesday morning. In the meantime, however, Wizkid had received a better offer for his car, and wrote to Kofi Kinata withdrawing his offer to him. This letter was posted at 5pm on the Monday evening.

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