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Byju's Answer
Standard XII
Accountancy
Issued at Premium and Redeemed at Par
Given below i...
Question

Given below is a statement of legal principle followed by factual situation. Apply the principle to the facts and select the most appropriate answer.
A sent a letter to B stating that he was willing to sell to B, 10 bags of rice at Rs.20/− each. B sent an e-mail to the address mentioned in the letter-head, accepting the offer.

A
The contract is entered into the moment the mail reaches A's server
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B
The contract is entered into only after A sees the e-mail
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C
The contract is entered into when A sent the letter
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D
The contract is entered into the moment B receives an automated delivery receipt
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Solution

The correct option is C The contract is entered into only after A sees the e-mail
As per the principle the contract is entered because is notified and the acceptance is sent through e-mail. Therefore option (b) is correct as 'A' receives and reads the letter.

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Standard XII Accountancy
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