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On the 5th of a month X makes an offer to Y, by a letter, which reaches Y on 6th.On the 7th, Y posts his letter of acceptance. Meanwhile, on the 6th X posts a letter to Y revoking the offer. On seeing it Y sends a telegram to X on 8th confirming the acceptance given through his letter of the 7th. Discuss the legal of three letters and telegram:
- a)There is no contract between X and Y
- b)The contract is concluded between X and Y on 7th when B posts the letter of acceptance
- c)Either (a) or (b)
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
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On the 5th of a month X makes an offer to Y, by a letter, which reache...
Under Section 5, of the Indian Contract Act,1872, a proposal may be revoked at any time, before the communication of its acceptance is completed against the proposer/ offeror. So in this case on the 5th of a month X makes an offer to Y, by a letter which reaches Y on 6th and on the 7th, Y posts his letter of acceptance. Meanwhile on the 6th, X posts a letter to Y revoking the offer, so as a result of X's revocation on 6th, the offer made by him earlier is revoked and there is no contract between X and Y.
Most Upvoted Answer
On the 5th of a month X makes an offer to Y, by a letter, which reache...
Under Section 5, of the Indian Contract Act,1872, a proposal may be revoked at any time, before the communication of its acceptance is completed against the proposer/ offeror. So in this case on the 5th of a month X makes an offer to Y, by a letter which reaches Y on 6th and on the 7th, Y posts his letter of acceptance. Meanwhile on the 6th, X posts a letter to Y revoking the offer, so as a result of X's revocation on 6th, the offer made by him earlier is revoked and there is no contract between X and Y.
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On the 5th of a month X makes an offer to Y, by a letter, which reache...
Analysis of Legal Status of Letters and Telegram in X and Y's Contract:
Letter of Offer by X on 5th:
- X makes an offer to Y on the 5th of the month.
- The letter reaches Y on the 6th.
Letter of Revocation by X on 6th:
- On the 6th, X posts a letter to Y revoking the offer.
Letter of Acceptance by Y on 7th:
- On the 7th, Y posts his letter of acceptance to X.
Telegram Confirming Acceptance by Y on 8th:
- Y sends a telegram to X on the 8th confirming the acceptance given through his letter of the 7th.
Legal Status of the Correspondence:
- The general rule is that a contract is formed when acceptance is communicated to the offeror.
- In this case, Y's acceptance was communicated through a letter on the 7th, which was after X had sent the revocation letter on the 6th.
- As per the postal rule, acceptance is effective upon posting, but revocation is effective only upon receipt.
- Therefore, the contract is concluded between X and Y on the 7th when Y posted the letter of acceptance.
- The revocation letter sent by X on the 6th is not effective until Y receives it, which was after Y had already posted the acceptance letter.
- Hence, there is no contract between X and Y.
Therefore, the correct legal status of the letters and telegram exchanged between X and Y is that there is no contract between them.
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On the 5th of a month X makes an offer to Y, by a letter, which reaches Y on 6th.On the 7th, Y posts his letter of acceptance. Meanwhile, on the 6th X posts a letter to Y revoking the offer. On seeing it Y sends a telegram to X on 8th confirming the acceptance given through his letter of the 7th. Discuss the legal of three letters and telegram:a)There is no contract between X and Yb)The contract is concluded between X and Y on 7th when B posts the letter of acceptancec)Either(a) or (b)d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
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On the 5th of a month X makes an offer to Y, by a letter, which reaches Y on 6th.On the 7th, Y posts his letter of acceptance. Meanwhile, on the 6th X posts a letter to Y revoking the offer. On seeing it Y sends a telegram to X on 8th confirming the acceptance given through his letter of the 7th. Discuss the legal of three letters and telegram:a)There is no contract between X and Yb)The contract is concluded between X and Y on 7th when B posts the letter of acceptancec)Either(a) or (b)d)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 On the 5th of a month X makes an offer to Y, by a letter, which reaches Y on 6th.On the 7th, Y posts his letter of acceptance. Meanwhile, on the 6th X posts a letter to Y revoking the offer. On seeing it Y sends a telegram to X on 8th confirming the acceptance given through his letter of the 7th. Discuss the legal of three letters and telegram:a)There is no contract between X and Yb)The contract is concluded between X and Y on 7th when B posts the letter of acceptancec)Either(a) or (b)d)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 On the 5th of a month X makes an offer to Y, by a letter, which reaches Y on 6th.On the 7th, Y posts his letter of acceptance. Meanwhile, on the 6th X posts a letter to Y revoking the offer. On seeing it Y sends a telegram to X on 8th confirming the acceptance given through his letter of the 7th. Discuss the legal of three letters and telegram:a)There is no contract between X and Yb)The contract is concluded between X and Y on 7th when B posts the letter of acceptancec)Either(a) or (b)d)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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