Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Chapter 11 discusses the various ways in which to accept a valid contract. The general rule is that acceptance is effective when dispatched, also known

Chapter 11 discusses the various ways in which to accept a valid contract. The general rule is that acceptance is effective when "dispatched", also known as the Malibox Rule, unless othewise stated.

1. Define "effective when dispatched"

2. State you opinion on whether or not this is a reasonable communication of accceptance.

3. Give an example that incoroporates your opinion.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Foundations Of Financial Markets And Institutions

Authors: Franco Modigliani, Frank J. Jones, Michael G. Ferri, Frank J. Fabozzi

3rd Edition

0130180793, 978-0130180797

More Books

Students also viewed these Finance questions

Question

List the ways that perception is an active mental process.

Answered: 1 week ago

Question

What is the preferred personality?

Answered: 1 week ago

Question

What is the relationship between humans?

Answered: 1 week ago