Week 5 - Acceptance and Time

Question 1

What is the correlation between acceptance and time?

Answer 1

Acceptance must be within a reasonable time - there is no set limit but it is usually obvious

Question 2

What case demonstrates this relationship and how?

Answer 2

Ramsgate Victoria Hotel v Montefiore (1865-1866)
- shares applied for in nov but only issued in june
- by then, montefiore refused
- hotel tried to raise action for non-acceptance but was denied due to time delay of issue