Offer Is a Definite Promise Made by the offeror to the offeree with the Intention to Be Bound by Such Promise Without Further Negotiation Question 1In determining whether an agreement has been formed, the offer and acceptance is a useful tool. “Offer is a definite promise made by the offeror to the offeree with the.
Postal RuleEssay Preview: Postal RuleReport this essayPostal rule of acceptance which is also known as the postal rule or mailbox rule is a rule stated that the acceptance is effective upon posting if postal service is an acceptable method of communication between the offeror and offeree. Postal acceptance rule is in contrast with the general.
Business Law Essay Preview: Business Law Report this essay 1.1 Definition The post office rule only applies to the communication of acceptances and not to the communication of offers or counter-offers. Briefly, the postal rule states that where acceptance which is made by post is contemplated by the parties, acceptance will have taken place and.
