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?On Friday 10 December the following notice is placed in the window of Ann's art gallery: '2 copies of a very rare?Blake print – ￡15,000 each'. Chas and Dave are very keen to acquire the prints but think that the price is too?high. They each offer Ann ￡12,000 for a copy but she refuses to sell the prints at that price, although she says?she will accept ￡13,500. She also says she will keep her offer to them open until 12 o'clock on the following?Monday, 13 December, if they each pay her ￡100. Chas and Dave agree and each hands over ￡100. On the?Saturday before the deadline, Chas and Dave have to leave the country on business but before they do so, each?post a letter stating that they agree to buy one of the prints at the agreed price of ￡13,500. Chas' letter arrives at?9.30 on the Monday morning but Dave's letter is delayed and arrives on the morning of Tuesday 14 December.??

25

【論述題】

Identify whether the notice Ann placed in her gallery window is an offer or an invitation to treat?

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考點：Chapter3FormationofcontractI

offer is a definite promise to be bound on specific terms. It must be certain in its terms and can be made to a particular person or to a class of persons. An invitation to treat is an indication that a person is prepared to receive offers with a view to entering into a binding contract. It is generally accepted that goods displayed in a shop window give rise to an invitation to treat rather than an offer. Therefore, the notice in Ann's window is almost certainly an invitation to treat.

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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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