|
First Principles of Business Law |
| Making a contract |
| 4. The third essential element of formation: Sufficient agreement |
|
4.10. Acceptance by post |
|
Read the facts and the question and then choose the best answer. A writes to B on Monday saying: "If you accept this offer within three days, I'll sell you 100 slabs of beer at 20% less that my normal price." B posts his reply to A on Wednesday, saying: "I accept your offer of 100 slabs of beer at a 20% discount." However, A only receives B's letter on Friday. Has B validly accepted A's offer? |
|
(a) Yes, posting the letter on Wednesday was good enough to accept the offer, even though it arrived on Friday. (b) No, if the letter only arrived on Friday, that was not within the time allowed for acceptance. |
|
|
|