Solve.
X made an offer to buy shares of V Ltd. on 10th January 1997 but the allotment was made on 10th July 1997. Is X bound by the acceptance?

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Solution

X is not bound by the acceptance because the acceptance was not given within a reasonable time.

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Solve.X made an offer to buy shares of V Ltd. on 10th January 1997 but the allotment was made on 10th July 1997. Is X bound by the acceptance?

X is not bound by the acceptance because the acceptance was not given within a reasonable time.

Solve.
X made an offer to buy shares of V Ltd. on 10th January 1997 but the allotment was made on 10th July 1997. Is X bound by the acceptance?