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If Y sends a telegram on 13th January revoking his acceptance, and his telegram reaches X before the letter of the acceptance is received by Y. Is revocation of acceptance valid?
- a)It is valid
- b)It is invalid
- c)It is uncertain
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
If Y sends a telegram on 13th January revoking his acceptance, and his...
To determine the validity of the revocation of acceptance, we need to consider the relevant provisions of the Indian Contract Act, 1872.
Section 5: A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards.
Based on the given information, we can analyze the situation as follows:
1. Y sends a telegram on 13th January revoking his acceptance.
2. Y's telegram reaches X before the letter of acceptance is received by Y.
Now, let's discuss the possible scenarios and their implications:
Scenario 1: Y's telegram reaches X before the letter of acceptance is dispatched by X:
- In this scenario, the revocation of acceptance is valid.
- As per Section 5 of the Indian Contract Act, the proposer (Y) can revoke the proposal (acceptance) at any time before the communication of its acceptance is complete as against the proposer (Y).
- Since Y's telegram reaches X before the letter of acceptance is dispatched, the communication of acceptance is not complete.
Scenario 2: Y's telegram reaches X after the letter of acceptance is dispatched by X:
- In this scenario, the revocation of acceptance is invalid.
- Once the letter of acceptance is dispatched, the communication of acceptance is complete.
- As per Section 5 of the Indian Contract Act, the proposer cannot revoke the proposal after the communication of its acceptance is complete.
Therefore, based on the given information, the revocation of acceptance is valid. Answer choice A is correct.
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If Y sends a telegram on 13th January revoking his acceptance, and his...
Answer:
The revocation of acceptance in this scenario is valid. Let's break down the elements of the situation to understand why this is the case.
1. Communication:
Communication is a crucial element in contract law. For a revocation of acceptance to be effective, it must be communicated to the other party before they receive the acceptance letter. In this scenario, Y sends a telegram revoking their acceptance on 13th January. This communication is considered valid as it is a clear and direct revocation of acceptance.
2. Timing:
The timing of the communication is also important. In this case, Y's telegram reaches X before the acceptance letter is received by Y. This means that X receives the revocation of acceptance before Y becomes aware of the acceptance itself. As a result, the revocation is considered valid.
3. Principle of Postal Rule:
The principle of the postal rule is often applied in contract law cases involving acceptance and revocation. According to this rule, acceptance is deemed to be effective when it is posted, rather than when it is received. On the other hand, revocations are only effective upon receipt. In this scenario, the revocation sent by Y via telegram is received by X before the acceptance letter is received by Y. Therefore, the revocation is valid under the principle of postal rule.
Conclusion:
Based on the above analysis, the revocation of acceptance by Y is valid in this scenario. The communication was made before Y received the acceptance letter, and the principle of postal rule supports the validity of the revocation. It is important to note that contract law can be complex, and specific circumstances may alter the outcome. Therefore, it is always advisable to consult legal professionals for accurate advice tailored to your situation.
The revocation of acceptance in this scenario is valid. Let's break down the elements of the situation to understand why this is the case.
1. Communication:
Communication is a crucial element in contract law. For a revocation of acceptance to be effective, it must be communicated to the other party before they receive the acceptance letter. In this scenario, Y sends a telegram revoking their acceptance on 13th January. This communication is considered valid as it is a clear and direct revocation of acceptance.
2. Timing:
The timing of the communication is also important. In this case, Y's telegram reaches X before the acceptance letter is received by Y. This means that X receives the revocation of acceptance before Y becomes aware of the acceptance itself. As a result, the revocation is considered valid.
3. Principle of Postal Rule:
The principle of the postal rule is often applied in contract law cases involving acceptance and revocation. According to this rule, acceptance is deemed to be effective when it is posted, rather than when it is received. On the other hand, revocations are only effective upon receipt. In this scenario, the revocation sent by Y via telegram is received by X before the acceptance letter is received by Y. Therefore, the revocation is valid under the principle of postal rule.
Conclusion:
Based on the above analysis, the revocation of acceptance by Y is valid in this scenario. The communication was made before Y received the acceptance letter, and the principle of postal rule supports the validity of the revocation. It is important to note that contract law can be complex, and specific circumstances may alter the outcome. Therefore, it is always advisable to consult legal professionals for accurate advice tailored to your situation.
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If Y sends a telegram on 13th January revoking his acceptance, and his telegram reaches X before the letter of the acceptance is received by Y. Is revocation of acceptance valid?a)It is validb)It is invalidc)It is uncertaind)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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If Y sends a telegram on 13th January revoking his acceptance, and his telegram reaches X before the letter of the acceptance is received by Y. Is revocation of acceptance valid?a)It is validb)It is invalidc)It is uncertaind)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If Y sends a telegram on 13th January revoking his acceptance, and his telegram reaches X before the letter of the acceptance is received by Y. Is revocation of acceptance valid?a)It is validb)It is invalidc)It is uncertaind)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If Y sends a telegram on 13th January revoking his acceptance, and his telegram reaches X before the letter of the acceptance is received by Y. Is revocation of acceptance valid?a)It is validb)It is invalidc)It is uncertaind)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
If Y sends a telegram on 13th January revoking his acceptance, and his telegram reaches X before the letter of the acceptance is received by Y. Is revocation of acceptance valid?a)It is validb)It is invalidc)It is uncertaind)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If Y sends a telegram on 13th January revoking his acceptance, and his telegram reaches X before the letter of the acceptance is received by Y. Is revocation of acceptance valid?a)It is validb)It is invalidc)It is uncertaind)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If Y sends a telegram on 13th January revoking his acceptance, and his telegram reaches X before the letter of the acceptance is received by Y. Is revocation of acceptance valid?a)It is validb)It is invalidc)It is uncertaind)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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