Whenever an acceptance is made by posting a letter, the possible effect of the postal rule...
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Whenever an acceptance is made by posting a letter, the possible effect of the postal rule has to be considered. If the rule applies, then the acceptance is effective when the letter is posted, not when it is received. The operation of the postal rule may be enacted through the following series of questions: I. II. Was a reply by post reasonably expected? Did the offeror specify that acceptance would be effective only when communication was received? III. IV. V. Was the acceptance made by posting a letter? Was the letter accepting an offer? Would applying the rule cause manifest inconvenience and absurdity? Which of the following represents the correct sequencing of these questions? (a) III., IV., I., II., V. (b) IV., I., III., V., II. (c) II., I., V., III., IV. (d) I., II., III., IV., V. Whenever an acceptance is made by posting a letter, the possible effect of the postal rule has to be considered. If the rule applies, then the acceptance is effective when the letter is posted, not when it is received. The operation of the postal rule may be enacted through the following series of questions: I. II. Was a reply by post reasonably expected? Did the offeror specify that acceptance would be effective only when communication was received? III. IV. V. Was the acceptance made by posting a letter? Was the letter accepting an offer? Would applying the rule cause manifest inconvenience and absurdity? Which of the following represents the correct sequencing of these questions? (a) III., IV., I., II., V. (b) IV., I., III., V., II. (c) II., I., V., III., IV. (d) I., II., III., IV., V.
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d I II III IV and V I Was it reasonable to anticipate a postal response II Did the offeror make it clear that acceptance would only take effect when c... View the full answer
Related Book For
Financial Reporting Financial Statement Analysis and Valuation
ISBN: 978-0324302950
6th edition
Authors: Clyde P. Stickney
Posted Date:
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