X of Agra sends a letter by post to Y of Delhi offering to sell his...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
X of Agra sends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter, is posted on 1st January and reaches Y on 7th January Y sends his acceptance by post on 10th January but X receives this letter of acceptance on 15th January. Answer each of the following questions. (a) When is the communication of offer complete? (b) When is the communication of acceptance complete as against the offerer? (c) When is the communication of acceptance complete as against the acceptor? (d) If X sends a telegram on 8th January revoking his offer, and this telegram reaches Y before the letter of the acceptance is posted. Is revocation of offeris valid? (e) If Y sends a telegram on 14th January revoking his acceptance and this telegram reaches X before the letter of acceptance is received by X. Is revocation of acceptance is valid? X of Agra sends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter, is posted on 1st January and reaches Y on 7th January Y sends his acceptance by post on 10th January but X receives this letter of acceptance on 15th January. Answer each of the following questions. (a) When is the communication of offer complete? (b) When is the communication of acceptance complete as against the offerer? (c) When is the communication of acceptance complete as against the acceptor? (d) If X sends a telegram on 8th January revoking his offer, and this telegram reaches Y before the letter of the acceptance is posted. Is revocation of offeris valid? (e) If Y sends a telegram on 14th January revoking his acceptance and this telegram reaches X before the letter of acceptance is received by X. Is revocation of acceptance is valid?
Expert Answer:
Answer rating: 100% (QA)
a The communication of offer is complete on 7th January because the l... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The ELISA is a test to determine whether the HIV antibody is present. The test is 99.5% effective, which means that the test will come back negative if the HIV antibody is not present 99.5% of the...
-
Test to determine whether government and private-sector workers work different numbers of hours per week (HRS1).
-
Use the runs test to determine whether the sample is random. Let alpha be.05. 2 2 2 2 2 1 2 2 2 1 1 2 2 2
-
The following table includes the GNP(X) and the demand for food (Y) for a country over ten years period. Year 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 Y 6 7 8 10 8 9 10 9 11 10 X 455555 50...
-
The Environmental Protection Agency is examining the relationship between the ozone level (in parts per million) and the population (in millions) of U.S. cities. Part of the regression analysis is...
-
A spherical balloon is filled with helium at sea level. Helium and balloon material together weigh 500 N. If the net upward lift force on the balloon is also 500 N, what is the diameter of the...
-
What is a thermal stress?
-
Which is the most effective piece of legislation for enforcing ethical business practices: FCPA, FSGO, SOX, or Dodd-Frank? Explain your answer.
-
Under what circumstances do you think a company would seek private debt ( soliciting from a single party ) rather than public debt ( an open - to - the - public issuance, like a bond ) ?
-
Tom Epps and Mary Jones are examining the following statement of cash flows for Guthrie Company for the year ended January 31, 2019. GUTHRIE COMPANY Statement of Cash Flows For the Year Ended January...
-
You've just taken out a student loan with a quoted interest rate of 4.9%. You will have to pay back $1,700 in 13 years, with no intermediate payments necessary. How much did you borrow if interest is...
-
Summarize flow of physical units and compute total equivalent units for three cost categories: transferred- in, direct materials, and conversion costs. . Summarize total costs to account for and...
-
Please help m-Aaa-1911.txt year mon day yield1919 01 01 5.351919 02 01 5.351919 03 01 5.391919 04 01 5.441919 05 01 5.391919 06 01 5.401919 07 01 5.441919 08 01 5.561919 09 01 5.601919 10 01 5.541919...
-
Resonance is obtained at a frequency of 27kHz for a RLC series circuit with the capacitance value, 0.03F. Determine the value of the inductance in SI units. Enter only the numeral of your answer.
-
Sketch the Isometric view of one of the following orthographic drawings. Your drawing should take up at least 4 of a page. You may use any grid or blank paper. Please label your drawing with the...
-
You have been given the following projections for A&J Limited: _ 7 Year 1 2 3 4 5 ' Free cash flow of the firm 400 460 540 620 620 lntcrest-bearing debt 750 700 600 500 700 Interest expense 100 85 74...
-
A surviving spouse with one dependent child has a gross income of 6 8 , 1 7 0 per year. If 3 , 0 0 0 is withheld from the taxpayers wages for federal income taxes, what is the amount of the taxpayers...
-
a) Calculate the goodwill that was paid by Major Ltd on the acquisition of Minor Ltd. [10 marks] b) Prepare the consolidated statement of financial position for Major Ltd at 31 July 20X8. [30 marks]...
-
According to the National Center for Health Statistics (2004), 22.4% of adults are smokers. A random sample of 300 adults is obtained. (a) Describe the sampling distribution of , the sample...
-
What is a closed question? What is an open question? Discuss the advantages and disadvantages of each type of question.
-
According to a study done by Nick Wilson of Otago University Wellington, the probability a randomly selected individual will not cover his or her mouth when sneezing is 0.267. Suppose you sit on a...
-
(a) Consider the flash separation process shown in Figure 7.1. If using ASPEN PLUS, solve all three cases using the MIXER, FLASH2, FSPLIT, and PUMP modules and the RK-SOAVE option set for...
-
As discussed in Example 6.7, toluene \(\left(\mathrm{C}_{7} \mathrm{H}_{8} ight)\) is to be converted thermally to benzene \(\left(\mathrm{C}_{6} \mathrm{H}_{6} ight)\) in a hydrodealkylation...
-
As discussed in Example 6.7, the following stream at \(100^{\circ} \mathrm{F}\) and 484 psia is to be separated by two distillation columns into the Products \(1-3\) in the following table. Two...
Study smarter with the SolutionInn App