Essay based questions plans Flashcards
(4 cards)
Critically analyse the postal acceptance rule, including its limitations and
any issues caused by its operation.
Intro 1.0
The postal acceptance rule is a longstanding exception in contract law that dictates instead of the usual rule that required the offeror to communicate acceptance
-The postal rule concludes a contract is made as soon as it has been posted to the other party and in that moment is now binding
-However drawbacks of this have been seen in the more modern area
-THis essay discusses the nature and scope and potentaily limitation and the postal rules relevancy
P1 The postal rules main effect
It prevents teh offeror from revoking their offer once the offeree has posted an acceptance.Even if the offeror sends a withdrawal after the acceptance is already psoted,therefore creating a contract as the contract is immediately formed from the moment of posting
-Sometimes resulting in parties being bound by contracts.they no longer with to be in