answersLogoWhite

0

acceptance becomes valid when the letter of acceptance was placed in the post

User Avatar

Wiki User

11y ago

What else can I help you with?

Related Questions

What are the requirements for a valid contract?

For a contract to be valid, it must include an offer, acceptance, consideration, legal capacity, and legal purpose.


Explain consideration and acceptance are the binding element of contract?

An offer is valid only if it is made with an intention of getting the assent of another. when there is no acceptance the contract does not come into existence. For a valid contract there must be consideration which need not be adequate.


What are the component parts of an offer?

An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.


What is post box rule according to contract act?

The postal rule, also known as the mailbox rule, is a principle of contract law that deems an acceptance of an offer to be effective upon posting rather than receipt. This means that once an acceptance is posted, it is considered valid even if the offeror has not yet received it. The rule was established to provide certainty and efficiency in contract formation, especially in situations involving long-distance communication.


What is a banker's acceptance?

A banker's acceptance is a negotiable instrument or time draft drawn on and accepted by a bank, which upon acceptance becomes an obligation of the bank and is a marketable money-market instrument.


Is SRM university's ME certificate valid for Assistant Professor's post in engineering colleges?

ya it is valid ............


How long a permit valid in California?

your learners permit is valid for 6 months and a year after that.


Three features of a valid simple contract?

features of a valid simple are:- 1-legality 2-offer 3-acceptance


What age can you take theory test?

You have to have a valid provisional licence and your provisional licence only becomes valid on your 17th birthday.


Simple contract special contract?

They are valid element of a contract they are offer and acceptance, legality consideration capacity terms


When can you prepare a contract?

you can prepare a contract if and only if there is a valid offer and an acceptance supported by a consideration. in proerty law you prepare a contract at the completion of offer acceptance, investigation of title and exchange of sale price.


Is an email a valid form of acceptance for a contract?

The person who made the offer can stipulate the means in which they will accept an acceptance. Email, especially in the 21st century is fine, assuming that the offeror is cool with it. See a lawyer.