Scope of Communications Methods Essay 1. Introduction Contracts are in anywhere. Contracts = “Intentionâ€, “Agreement†and “Considerationâ€. The rule of Contracts will establish when offeree is accepted the offeror’s offer. “Agreement†is one important term in Contract. “Agreement†is “Offer†and “Acceptanceâ€. Today our topic is The Postal Acceptance Rule which only applies to “Acceptanceâ€. Hence we focus on “Acceptance†and assume that if “Acceptance†is valid, and the contract will valid too. The general rule is formed contract acceptance is actually communicated to the offeror. But The Postal Acceptance Rule is an exception of this rule. Today is the electronic world, communication is not only by postal service also use by electronic transaction. Now we will discuss The Postal Acceptance Rule is its rationale, effect, should it continue to be applied and compare to Electronic Transactions Act (ETA) for determining the timing of acceptance sent by fax and email.
