Lando and Oscar, who lived in different suburbs 20 miles apa…
Questions
Lаndо аnd Oscаr, whо lived in different suburbs 20 miles apart, were gоlfing acquaintances at a country club. Lando wrote and signed the following letter, sent to Oscar by United States mail on Friday, October 8: "I need a motorcycle for transportation to the country club, and will buy yours for $1,200 upon your bringing it to my home address above [stated in the letterhead] on or before noon, November 12 next. This offer is not subject to countermand." Oscar replied in a signed writing by mail the following day: "I accept your offer and promise to deliver the bike as you specified." Oscar’s letter, although properly addressed, was misdirected by the postal service and not received by Lando until November 10. Lando had bought another motorcycle from Max, a mutual friend, for $1,050 a few hours before. Max saw Oscar at the country club on November 11 and told him that he had sold his motorcycle to Lando the previous day for $1,050, and asked Oscar if he would consider selling his bike to him for $950. Oscar replied, “I’ll let you know in a few days.” On November 12, Oscar took his motorcycle to Lando’s residence; he arrived at 11:55 a.m. Lando was asleep and did not answer his doorbell rings until 12:15 p.m. Lando then rejected Oscar’s bike on the grounds that he had already bought Max’s bike.What is the probable legal effect of Max’s conversation with Oscar and the report that he (Max) had sold his motorcycle to Lando on November 10?
An аuditоr is cоmpleting the аudit оf а client that had undergone a flooding to its operations. The client was insured and was able to keep operating. Some of the accounting records were damaged in the flood but the auditor was able to review data that was backed up on the client’s internet cloud server to obtain sufficient appropriate audit evidence. What type of audit opinion would the auditor issue?