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Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.?
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Q.1. "Acceptance is to an offer what a lighted match is to a train of ...
Communication of Offer:
The communication of an offer is considered complete when it is brought to the knowledge of the person to whom it is made. In this case, Ganesh posts the letter of offer on 20 October 2020. The offer is considered to be communicated when it reaches Ramesh on 25 October 2020. This is because the offer is brought to Ramesh's knowledge on this date.
Communication of Acceptance:
The communication of acceptance is also considered complete when it is brought to the knowledge of the person who makes the offer. In this case, Ramesh posts the letter of acceptance on 27 October 2020. However, the acceptance is considered to be communicated when it reaches Ganesh on 30 October 2020. This is because the acceptance is brought to Ganesh's knowledge on this date.
Provisions:
1. Acceptance must be communicated: The acceptance must be communicated to the offeror or the person who makes the offer. The communication can be done through any reasonable means, such as post, email, or even verbally.
2. Acceptance must be in the prescribed manner: The acceptance must be made in the manner specified by the offeror. If the offeror specifies that the acceptance should be made through a particular mode of communication, then the acceptance must be made in that manner.
3. Acceptance must be within the specified time: The acceptance must be made within the time specified by the offeror. If no time is specified, then the acceptance must be made within a reasonable time.
4. Acceptance must be unconditional: The acceptance must be unconditional and must be in accordance with the terms of the offer. Any conditional acceptance will be considered as a counter-offer and not a valid acceptance.
5. Acceptance must be made by the person to whom the offer is made: The acceptance must be made by the person to whom the offer is made. It cannot be made by any other person on behalf of the offeree.
Conclusion:
In conclusion, the communication of the offer is complete when it reaches the offeree, while the communication of acceptance is complete when it reaches the offeror. It is important for the acceptance to be communicated in the prescribed manner, within the specified time, and be unconditional. These provisions ensure that both parties are aware of the offer and acceptance, and that there is a meeting of minds between them.
The communication of an offer is considered complete when it is brought to the knowledge of the person to whom it is made. In this case, Ganesh posts the letter of offer on 20 October 2020. The offer is considered to be communicated when it reaches Ramesh on 25 October 2020. This is because the offer is brought to Ramesh's knowledge on this date.
Communication of Acceptance:
The communication of acceptance is also considered complete when it is brought to the knowledge of the person who makes the offer. In this case, Ramesh posts the letter of acceptance on 27 October 2020. However, the acceptance is considered to be communicated when it reaches Ganesh on 30 October 2020. This is because the acceptance is brought to Ganesh's knowledge on this date.
Provisions:
1. Acceptance must be communicated: The acceptance must be communicated to the offeror or the person who makes the offer. The communication can be done through any reasonable means, such as post, email, or even verbally.
2. Acceptance must be in the prescribed manner: The acceptance must be made in the manner specified by the offeror. If the offeror specifies that the acceptance should be made through a particular mode of communication, then the acceptance must be made in that manner.
3. Acceptance must be within the specified time: The acceptance must be made within the time specified by the offeror. If no time is specified, then the acceptance must be made within a reasonable time.
4. Acceptance must be unconditional: The acceptance must be unconditional and must be in accordance with the terms of the offer. Any conditional acceptance will be considered as a counter-offer and not a valid acceptance.
5. Acceptance must be made by the person to whom the offer is made: The acceptance must be made by the person to whom the offer is made. It cannot be made by any other person on behalf of the offeree.
Conclusion:
In conclusion, the communication of the offer is complete when it reaches the offeree, while the communication of acceptance is complete when it reaches the offeror. It is important for the acceptance to be communicated in the prescribed manner, within the specified time, and be unconditional. These provisions ensure that both parties are aware of the offer and acceptance, and that there is a meeting of minds between them.
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Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.?
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Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.?.
Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.?.
Solutions for Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.? in English & in Hindi are available as part of our courses for B Com.
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Here you can find the meaning of Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.? defined & explained in the simplest way possible. Besides giving the explanation of
Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.?, a detailed solution for Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.? has been provided alongside types of Q.1. "Acceptance is to an offer what a lighted match is to a train of gunpowder". Elucidate this statement. Ganesh posts a letter of offer on 20 October2020. It reaches Ramesh on 25 degrees ^ 3 October2020 Ramesh posts the letter of acceptance on 27 ^ a October and it reaches Ganesh on 30 October 2020. When is communication of a) offer and b) acceptance complete? State the provisions clearly.? theory, EduRev gives you an
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