WebbOxford Reference - Answers with Authority WebbCalling time on the Postal Acceptance Rule One of the notable reforms proposed under the draft bill is the abolition of the Postal Acceptance Rule – a common law rule that an …

bits of law Contract Formation Acceptance: Postal Rule

WebbExamples of Postal acceptance rule in a sentence. There is no universal rule that will cover all cases, therefore must decide time and place of acceptance by reference to: ® The intentions of the parties ® Sound business practice, and ® A judgment of where the risks should lie (Brinkibon) ® The rule may be applied narrowly where parties are “conducting … WebbThe postal acceptance rule can be displaced if the parties either expressly or by implication from the terms of their contract require that acceptance be received by the offeror.6 The ease by which the rule can be excluded is exemplified by the case of Bressan v Squires J In this case, clause 1 of an option agreement provided that "This option … somewhere over rainbow what a wonderful world

Understanding the basics of the postal acceptance rule

WebbThe postal rule has long served purposes beyond that, and the benefits of a dispatch rule should not simply be lost, without further thought, through their insufficient recognition and consideration. The underlying bases of the postal rule need to be looked at. WebbSection 8(1) provides that in the Bill, any reference to acceptance of an offer is to a statement, in any form, or conduct, of whatever kind, of the offeree showing unqualified assent and section... WebbUnder the posting rule, that acceptance takes effect when a letter is posted (that is, dropped in a post box or handed to a postal worker).[1] In plain English, the "meeting of the minds" necessary to contract formation occurs at the exact moment word of acceptance is sent via post by the person accepting it, rather than when that acceptance is received by … somewhere over rainbows danbar global