Randi and Sagan's Contract Acceptance Scenario

Did Sagan's acceptance of Randi's offer become effective upon dispatch on June 7? The answer is true. As per general rule, the acceptance of the contract is valid once there has been communication. However, as per mailbox rule, once the mail has been sent, the acceptance of the offer becomes effective. So the answer to the question is true.

In the scenario between Randi and Sagan, where Randi mails an offer to Sagan and Sagan responds with an acceptance on June 7, it is important to understand the concept of contract acceptance and the mailbox rule.

As per the mailbox rule, the acceptance of an offer sent through the mail becomes effective upon dispatch. This means that as soon as Sagan mailed his acceptance on June 7, it was considered valid, even if Randi received it on June 10.

Of course, the acceptance is effective as Randi didn't mention the time frame in which Sagan has to answer the acceptance. Since it was an open offer, the acceptance is valid. Generally, when someone sends an offer, the other party replies quickly if interested. But if the other party takes a day or two or more, it doesn't mean that the person is not interested. It may take time, and if he replies in affirmation, the acceptance remains valid.

← Interim financial statements filing for u s companies The national association of realtors code of ethics and duties →

More Posts: