Answered step by step
Verified Expert Solution
Question
1 Approved Answer
urgent Q1. On June 1, 2005, Ahmad mailed a written offer to Zaid for the sale of an office building. The offer included an express
urgent
Q1. On June 1, 2005, Ahmad mailed a written offer to Zaid for the sale of an office building. The offer included an express term that it would expire on July 30, 2005 if the acceptance was not delivered into the hands of the offeror by the expiration date. On July 30, 2005 at 8:00 a.m., Zaid sent a written acceptance to Ahmad via Zaid's personal messenger. However, the messenger was not able to deliver the acceptance until August 1, 2005. On August 2, 2005, Ahmad contacted Zaid, informing him that the acceptance had been delivered one day late. As a result, Ahmad refused to honor the acceptance. Which of the following is the most correct statement? Explain with the help of revelant section. a. There is no contract between Ahmad and Zaid. However, if Ahmad would have mailed the acceptance on July 30, 2005, a contract would have been created. b. There is a contract between Ahmad and Zaid. The moment that Masse gave the acceptance to the messenger, a contract was formed because acceptances are valid immediately upon dispatch. c. There is a contract between Ahmadd and Zaid. The fact that the acceptance arrived only one day late is of no significance. d. There is no contract between Ahmad and ZaidStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started