Answer to Question #138958 in Law for Cool

Question

Explain the legal importance in the law of contract of postal rule for the acceptance of offers

Answer 1

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.