• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Free ACCA & CIMA online courses from OpenTuition

Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

  • ACCA
  • CIMA
  • FIA
  • OBU
  • Books
  • Forums
  • Ask AI
  • Search
  • Register
  • Login
  • ACCA Forums
  • Ask ACCA Tutor
  • FIA Forums
  • CIMA Forums
  • OBU Forums
  • Qualified Members forum
  • Buy/Sell Books
  • All Forums
  • Latest Topics

Save 20% on ACCA & CIMA Books

Interactive BPP books for June 2026 exams, recommended by OpenTuition.
Get discount code >>

rdonabid

Profile picture of rdonabid
Active 12 years ago
  • Topics: 2
  • Replies: 1
  • ☆
  • Profile
  • Forums
  • Topics Started
  • Replies Created
  • Engagements

Forum Replies Created

Viewing 1 post (of 1 total)
  • Author
    Posts
  • March 12, 2011 at 9:49 pm #79788
    Avatarrdonabid
    Member
    • Topics: 2
    • Replies: 1
    • ☆

    I get the principal of the Postal rule now and understand it applies to acceptance and not the offer or termination of an offer.
    As in the case of “Household Fire Insurance co & Grant”
    Acceptance is valid at the point when acceptance is mailed, provided all the Postal rule criteria are met.
    Criteria:
    1. Acceptance must be in writing in a letter or memo, be in an envelope which has been correctly stamped (Correct postage has been Paid)
    2. It must be Mailed using the accepted means of mailing a letter/ Envelope, i.e. Letter box, registered letter etc.
    3. Both parties must Offeror & Acceptor must agree this to appropriate means of communicating acceptance. So if it is a face to face offer in a shop it is most probably not reasonable to accept via post, it could however be reasonable if circumstances are reasonable.

    So in the Case Ramsgate Victoria Hotel & Montefiori it was held that the offer was terminated due to a laps of time (5 months were it it accepted 3 months to be accepted period for the sale of shares)
    If however the Hotels liquidator could prove the acceptance was mailed. Would the acceptance & Contract be Valid?

  • Author
    Posts
Viewing 1 post (of 1 total)

Primary Sidebar

ACCA News:

ACCA My Exam Performance for non-variant

Applied Skills exams is available NOW

ACCA Options:  “Read the Mind of the Marker” articles

Subscribe to ACCA’s Student Accountant Direct

ACCA CBE Exams – Instant Poll

How was your exam, and what was the exam result?

BT CBE exam was.. | MA CBE exam was..
FA CBE exam was.. | LW CBE exam was..

Donate

If you have benefited from OpenTuition please donate.

PQ Magazine

Latest Comments

  • melucina15 on Organisational culture – ACCA Paper BT
  • harsh9 on Regulatory framework – ACCA Financial Reporting (FR)
  • LiliaDvornikova on ACCA TX-UK FA2025 Chapter 20 Trading and other losses – Companies
  • Zidanda on The valuation of debt finance, and duration (part 1) – ACCA (AFM) lectures
  • Davud on FA Chapter 21 Questions IAS 38 – Intangible Assets: Goodwill, Research and Development

Copyright © 2026 · Contact · Advertising · OpenLicense · About · Sitemap · Privacy Policy · Cookie settings · Comments · Log in