ContractsOffer_and_acceptanceMEDIUM
A buyer submits an offer on Monday. On Wednesday, the buyer calls to withdraw the offer. On Tuesday evening (before the call), the seller had already signed the acceptance and mailed it. Under the mailbox rule, when did the contract form?
Correct Answer
D) Tuesday evening, when the seller dispatched the acceptance
Under the mailbox rule, acceptance is effective when properly dispatched. The seller's mailing on Tuesday created the contract before the buyer's Wednesday withdrawal.
Answer Options
A
Wednesday, when the buyer called to withdrawB
No contract was formed because the buyer withdrew firstC
When the buyer receives the signed acceptanceD
Tuesday evening, when the seller dispatched the acceptanceWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
offer_and_acceptancecontractsmailbox_ruletiming
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