Section A

In the context of the law of contract, which TWO of the following statements regarding the 'postal rule' of acceptance are correct?

Answer options:

Acceptance is complete as soon as the letter is properly posted.

The rule applies even if the offeror explicitly stated that acceptance must be received in writing.

The rule applies to revocations of offers sent by post.

The rule applies even if the letter of acceptance is delayed or lost in the post.

How to approach this question

Review the conditions and exceptions of the postal rule. Remember it only applies to acceptance, not revocation, and can be excluded by the offeror.

Full Answer

The postal rule states that where post is the anticipated method of communication, acceptance takes effect when the letter is posted, even if it is subsequently lost or delayed. However, it does not apply to the revocation of an offer, which must be actually received.

Common mistakes

Believing the postal rule applies to the revocation of an offer.

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Practice the full ACCA LW — Corporate and Business Law Practice Exam 6

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