Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On 2 September 2020, Exclusive Antique Ltd. (EAL) posted a letter to Wonderful Hotel Ltd. (WHL) offering to sell WHL 10 antique chairs for HK$500,000.

On 2 September 2020, Exclusive Antique Ltd. (EAL) posted a letter to Wonderful Hotel Ltd. (WHL) offering to sell WHL 10 antique chairs for HK$500,000. On 5 September 2020, WHL confirmed their acceptance by posted letter. However, the letter of acceptance never reached EAL and they subsequently sold the antique chairs to Great Hotel Ltd.

(a) Fully advise WHL whether or not their posted letter of acceptance is valid in contract law.

(b) Would you answer be different if the acceptance is made by email instead of by post? Explain your answer.

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

Step: 3

blur-text-image

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

Options Futures And Other Derivatives

Authors: John C. Hull

3rd Edition

0131864793, 9780306457555

More Books

Students also viewed these Finance questions