Professional Documents
Culture Documents
3. Preference share
4. Apparent authority
5. Counteroffer
6. Strict liability
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III. Open Ended(30 points in all)
1. What are the duties of agent to principal?
2. Validity of agreement to arbitrate under the 2000 Uniform Arbitration Act in U.S.A.
Case2. On April 4, Company X, with its place of business in China, sent an offer by an e-mail to
Company Y, with its place of business in Australian. The offer concerned 50,000 meters
hand-printed cotton cloth and said it would remain open until April 30. On April 10, Company Y
answered by e-mail: “ The price is too high, and we are not interested in the offer.” But, on April 20,
the manager of Company Y changed his mind and sent another e-mail to accept the April 4 offer.
Question: Is there any contract between Company X and Company Y? and why?
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