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Acceptance of contract

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Acceptance of contract

  • This topic has 1 reply, 2 voices, and was last updated 4 months ago by MikeLittle.
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  • February 19, 2022 at 4:30 pm #648903
    ilham9089
    • Topics: 211
    • Replies: 165
    • ☆☆☆

    Hi. In the notes it says that acceptance must be made within a reasonable time, is there any specific time or does it vary from situation to situation?

    February 20, 2022 at 9:34 am #648956
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22557
    • ☆☆☆☆☆

    It varies. I seem to remember asking the students in the lecture “But what’s reasonable?”

    Of course, students new to law can’t answer that, so I tell them …

    “Reasonable is what is reasonable in the circumstances”!

    In some circumstances, reasonable could be as short a period of time as ‘instantaneous’ whereas in other situations it could be a matter of days / weeks / months. I can’t instantly think of a situation where that time period could be years, but I’m sure there must be such a situation

    OK?

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