1. The X offered to buy 100 shares to the Y company. The offer was communicated by post. The Company allotted the shares to him and the company secretary made out the letter of allotment which was posted but never reached the defendant who was subsequently sued for the amount due on the shares. He denied liability on the ground that the company had not communicated its acceptance.   Examine the scenario above and state your legal standing.

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In the scenario described the legal concept at play is that of communication of acceptance in the fo... View the full answer