Answer to Question #138958 in Law for Cool

Question #138958
Explain the legal importance in the law of contract of postal rule for the acceptance of offers
1
Expert's answer
2020-11-03T08:18:33-0500

The postal rule is that a contract is incomplete until acceptance of an offer is actually communicated to the offeror, and a finding that a contract is completed by the posting of a letter of acceptance cannot be justified unless it is to be inferred that the offeror contemplated. In such regards, Law of contract requires a firm offer and acceptance to be in place.


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