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) 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.?
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) M agreed on Monday to sell his property to N by a written agreement ...
Validity of N’s Acceptance in the Given Scenario:
Background:
- M agreed to sell his property to N by a written agreement, with a clause stating that the offer would be open until Saturday 10 a.m.
- On Wednesday, M entered into a contract to sell the property to O, who was overheard by N.
Analysis:
- N's acceptance of the offer on Friday and delivering the letter of acceptance would typically be considered valid.
- However, the crucial aspect to consider is whether the offer made by M to N was still open at the time of acceptance.
Legal Principle:
- An offer remains open until the specified time or until a reasonable time if a time limit is not mentioned.
Application to the Scenario:
- The offer was to be left open until Saturday 10 a.m. as per the written agreement between M and N.
- Therefore, N’s acceptance on Friday would be considered valid as it falls within the time frame specified in the offer.
Conclusion:
- In this scenario, N’s acceptance of the offer is valid as it was made before the specified deadline of Saturday 10 a.m. and in accordance with the terms of the written agreement between M and N.
Background:
- M agreed to sell his property to N by a written agreement, with a clause stating that the offer would be open until Saturday 10 a.m.
- On Wednesday, M entered into a contract to sell the property to O, who was overheard by N.
Analysis:
- N's acceptance of the offer on Friday and delivering the letter of acceptance would typically be considered valid.
- However, the crucial aspect to consider is whether the offer made by M to N was still open at the time of acceptance.
Legal Principle:
- An offer remains open until the specified time or until a reasonable time if a time limit is not mentioned.
Application to the Scenario:
- The offer was to be left open until Saturday 10 a.m. as per the written agreement between M and N.
- Therefore, N’s acceptance on Friday would be considered valid as it falls within the time frame specified in the offer.
Conclusion:
- In this scenario, N’s acceptance of the offer is valid as it was made before the specified deadline of Saturday 10 a.m. and in accordance with the terms of the written agreement between M and N.
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) 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.?
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) 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 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 ) 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 CA Foundation 2024 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.?.
) 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 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 ) 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 CA Foundation 2024 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.?.
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