Evulation Of Conisderation

Question 1

What the issue with the postal rule

Answer 1

Holds that acceptance is effective upon posting, not upon receipt. Principle can bind a party to contact without knowledge, leads to unfairness

Question 2

Case of an issue with the postal

Answer 2

Household fire insurance Co v Grant 1879

Question 3

Facts of household fire insurance Co b Grant 1879(postal rule)

Answer 3

Court upheld a contract even tho the acceptable letter never reached offeror

Question 4

What the risk with household fire insurance Co v Grant 1879

Answer 4

Significant risks, particularly in commercial contexts where timing and certainty are critical