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Postal rule

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Postal rule

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • August 21, 2017 at 11:34 pm #402845
    accaed
    Member
    • Topics: 23
    • Replies: 0
    • ☆

    An OpenTuition mock question about Thanasis selling 2 copies of an Anderson print asks whether a latter posted before the deadline but received after the deadline means that the poster of the letter accepting the offer won’t be able to successfully claim an Anderson print is a true statement.

    Why is this? The postal rule says that with reference to acceptance of an offer, an acceptance is effective from the moment it is put into the postal system.

    August 22, 2017 at 8:03 am #402874
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    That is certainly the ‘normal’ rule

    However, do I remember correctly that, in the Thanasis question, he posted the acceptance because he was unable to attend in person to communicate acceptance

    One of the pre-conditions for the postal rule to apply is that the post should be considered by both parties to be an acceptable medium

    When you’re standing in an art shop and thinking about buying a print, is it the case that you were thinking “If I am going to accept the offer, I will probably do it by posting a letter”?

    Is the dealer saying to herself “This person is most likely to go away and then post a letter by way of acceptance”?

    4 conditions for the postal rule to apply:

    1 properly stamped
    2 properly addressed
    3 put into the postal system through the proper channels
    4 both parties must have thought that acceptance by post was an appropriate medium

    OK?

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  • The topic ‘Postal rule’ is closed to new replies.

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