{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

When can the Offer be Terminated by Law

Offeree should not be legally obligated to

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
 offeree should not be legally obligated to affirmatively reject an  offer When Offeree Has Duty to Speak:  He takes benefit of service with opportunity  to reject Prior dealings with offeror Communication as Acceptance Bilateral Contract:  communication of acceptance in necessary because of  mutual exchange of promises. Not necessary if offer does not require Unilateral Contract:  acceptance is evident, notification not necessary Mode and Timeliness as Acceptance General Rule:  acceptance is timely if made before offer is terminated What is the Mailbox Rule? Mailbox-  acceptance is effective when offeree uses authorized means of  acceptance.  If U.S. Mail, acceptance upon dispatch.  Does not apply to  instantaneous communications Timing– “E-Mailbox” Rules- Dispatched when leaves control of sender
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Received when enters recipient’s processing system (even if unaware) Exceptions to Mailbox Rule- If acceptance is not properly dispatched by the offeree If offeree specifies that acceptance will not be effective until it is received If acceptance is sent after rejection, whichever is received first given effect When is an Acceptance Effective? Authorized means of acceptance-  offer specifies (expressly or impliedly) how  acceptance should be made. No acceptance if authorized means is not used Substitute method of acceptance- Effective if the substitute serves the same purpose (Fed-Ex vs. UPS) Not effective on dispatch Effective when received by the Offeror
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

Page1 / 2

offeree should not be legally obligated to affirmatively...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon bookmark
Ask a homework question - tutors are online