Acceptance & ConsiderationForums › ACCA Forums › ACCA LW Corporate and Business Law Forums › Acceptance & ConsiderationThis topic has 1 reply, 2 voices, and was last updated 2 years ago by mrjonbain.Viewing 2 posts - 1 through 2 (of 2 total)AuthorPosts August 2, 2022 at 7:49 am #662312 ArslanziadParticipantTopics: 2Replies: 0☆Dear Sir,In Acceptance , it is said in case of Household Fire Insurance Co v Grantthat Postal rule applies (shares case)and outcome was “posting acceptance creates a ‘meeting of minds’, which created a binding contract”but defendant never paid for shares which he was allotted by letter.and in consideration it says“Consideration is a two-way thing in simple/parol contracts”so if defendant did not pay for shares , the transaction was not completed hence contract was not complete due consideration being one way only.please clarify if i am mixing up two different things.Thanks August 2, 2022 at 1:03 pm #662324 mrjonbainModeratorTopics: 6Replies: 2421☆☆☆☆☆Welcome to the Opentuition forums. This is primarily designed for students to help one another. If you want the tutor to answer your question please ask on the following forum-https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-lw-exams/Hope this helps.AuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In