Mr A offers Mr B to sell his HIG FLAT for rs 2 crores and directs him to send his acceptance only by e mail Mr B sends a letter of acceptance by post. Is there valid contract between parties. what would be your answer if Mr A does not reject the acceptance made by email with in a reasonable time period.
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Yes, there is a valid contract between Mr A and Mr B.
Explanation:
- Offer + Acceptance + Consideration = Agreement
- Agreement + Essential Element = Contract
- Here, offer is given by Mr. A and it is accepted by Both Mr A and Mr B via email and post respectively.
- and Mr A offer Rs 2 crores as consideration which fulfills the condition of Offer + Acceptance + Consideration = Agreement.
- when Agreement + Essential Element are accepted it becomes a contract.
- Essential elements are as follows
- At least 2 parties
- offer & acceptance
- Intention to create legal relationship
- Free consent
- Possibility of performance
- Capacity of parties
- Lawful object and consideration
- Consensus-ad-idem
- legal formalities
- Agreement should not be expressly declare void by the law.
Therefore, there is a valid contract between Mr A and Mr B.
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