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ACCA考试公司法和商法F4考点精讲:Acceptance

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Acceptance

Definition

2.1 (a) An unconditional assent to all the terms of the offer: Neale v Merrett

(b) It is important to identify a clear offer, and unconditional acceptance.

Negotiations may constitute a series of counter offers, each party trying to impose their standard terms on the contract: "the battle of the forms." Hence if faced with this type of question ensure that you identify what is happening at each stage of the negotiations until you have a clear offer and acceptance.

(c) Acceptance may only be made by authorised person: (compare revocation).

(d) Must be made whilst the offer is still open ie:

(i) before revocation

(ii) before any time limit specified has expired

(iii) before the offeree's death

Rules of acceptance

2.2 (a) It must be communicated by positive words or deeds hence it cannot be imposed by silence but may be inferred by conduct.

(b) If method of communication is mandatory then no other method will be legally effective: Holwell Securities v Hughes.

(c) If no mandatory method is specified it should still be made in the way specified by the offeror, but an equally speedy method may suffice: Yates v Pulleyn.

Instantaneous methods of communication

2.3 However, if modern instantaneous methods of communication are used e.g. telephone, faxes, email etc, communication must be received; Entores v Miles Far East Corporation.

Exceptions to the communication rule

2.4 (a) Where the need for communication is waived: Carlill v Carbolic Smoke Ball Co.

(Be careful this does not negate the need for acceptance itself.)

(b) Where the postal rule applies acceptance will occur at the moment of posting: Adams v Lindsell, Household Fire Insurance v Grant.

Conditions:

(i) Letter must be properly addressed and stamped;

(ii) put into the post in the normal way;

(iii) the postal rule will not have been excluded i.e. it must be in contemplation of both parties that acceptance will take place by post.

Effect:

We may have a 'communication' of acceptance without receipt.

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