Commerce Exam  >  Commerce Questions  >  M agreed on Monday to sell his property to N ... Start Learning for Free
M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ?
Most Upvoted Answer
M agreed on Monday to sell his property to N by a written agreement wh...
And O and immediately rushes to M to exercise his option to buy the property. M refuses to sell the property to N and N sues M for breach of contract.

In this case, N has a valid claim for breach of contract against M. The written agreement between M and N clearly stated that the offer would be left open until Saturday 10 a.m. This means that M was obligated to keep the offer open until that time, unless N withdrew their offer before that time.

Even if M entered into another contract with O on Wednesday, this does not release M from their obligation to N. N had a valid option to buy the property and M had a duty to honor that option until the specified time had passed.

Therefore, M would be liable to N for breach of contract and may be required to pay damages to N for any losses suffered as a result of M's breach.
Explore Courses for Commerce exam

Similar Commerce Doubts

Top Courses for Commerce

M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ?
Question Description
M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ?.
Solutions for M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ? defined & explained in the simplest way possible. Besides giving the explanation of M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ?, a detailed solution for M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ? has been provided alongside types of M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ? theory, EduRev gives you an ample number of questions to practice M agreed on Monday to sell his property to N by a written agreement which stated that “This Offer to be left open until Saturday 10 a.m.” In the meantime on Wednesday, M enters into a contract to sell the property to O.N, Who was sitting in the next room, hears about the deal between M & O. On Friday N accepts the offer and delivers to M the letter of acceptance. Is N’s acceptance valid? Give reasons. ? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev