Asked by Larissa Lopez on Jun 29, 2024
Verified
When dealing with a text offer which requests a text back to accept,the acceptance is complete when the text acceptance is received by the offeror.
Text Offer
An offer made through written communication, particularly via text messages, outlining the terms by which the sender proposes a business transaction.
Text Acceptance
Acceptance of an offer or agreement through written text, often facilitated by digital means such as SMS or email.
- Acquire knowledge about the constituents and the establishment of legally enforceable agreements, spotlighting offer, acceptance, and consideration.
Verified Answer
DJ
Diamond JenningsJul 01, 2024
Final Answer :
False
Explanation :
According to the principle of the "postal rule" in contract law, acceptance is generally considered complete when the acceptance is sent, not when it is received by the offeror. However, for instantaneous forms of communication like texts, emails, or phone calls, acceptance is often considered complete when it is received by the offeror, but this principle primarily applies to non-instantaneous communication methods.
Learning Objectives
- Acquire knowledge about the constituents and the establishment of legally enforceable agreements, spotlighting offer, acceptance, and consideration.
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