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Solving a Quadratic Equation by Factorization Method

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Solve.
X of Agra sends a letter by post to Y of Delhi offering to sell his car for Rs. 1,00,000. This letter, is posted on 1st January and reaches Y on 7th January Y sends his acceptance by post on 10th January but X receives this letter of acceptance on 15th January.
Answer each of the following questions.
(a) When is the communication of offer complete?
(b) When is the communication of acceptance complete as against the offerer?
(c) When is the communication of acceptance complete as against the acceptor?
(d) If X sends a telegram on 8th January revoking his offer, and this telegram reaches Y before the letter of the acceptance is posted. Is revocation of offeris valid?
(e) If Y sends a telegram on 14th January revoking his acceptance and this telegram reaches X before the letter of acceptance is received by X. Is revocation of acceptance is valid?

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Solution

(a) The communication of offer is complete on 7th January because the letter containing the offer reaches the offered on 7th January.
(b) The communication of acceptance is complete as against the offered on 10th January because the letter of acceptance is posted on 10th January.
(c) The communication of acceptance is Complete as against the acceptor, on 15th January because the letter of acceptance is received by the offered on 15th January.
(d) X's revocation is valid because X can revoke his offer at any time before the letter of acceptance is posted by the offered.
(e) Y's revocation is valid because Y can revoke his acceptance at any time before the letter of acceptance is received by the offered.

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Q. This section consists of fifty

(50)

questions. Each question consists of legal propositions/ principles (hereinafter referred to as 'principles') and facts. These principles have to be applied to the given facts to arrive at the most reasonable conclusion. Such principles may or may not be true in the real sense, yet you have to conclusively assume them to be true for the purposes of this section. In other words, in answering the following questions, you must not rely on any principles except the principles that are given here in below for every question. Further you must not assume any facts other than those stated in the question. The objective of this section is to test your interest towards study of law, research aptitude and problem solving ability even if the "most reasonable conclusion" arrived at may be unacceptable for any other reason. It is not the objective of this section to test your knowledge of law.
Principle: If a contract is made by post between two persons living in two different cities, then the contract is said to be completed as soon as the letter of acceptance is properly posted and the place of completion of the contract is that city where acceptance is posted. It is worth mentioning here that in every contract there is always an offer from one party and the acceptance of the offer from the other party.
Facts: Sani, a resident of Patna, gives an offer by post to sell his house for

R s . 25

lach to Hani, a resident of Allahabad. This offer letter is posted on

1 s t J a n u a r y, 2013

from Patna and reaches Allahabad on

7 t h J a n u a r y, 2013

. Hani accepts this offer and posts the letter of acceptance on

8 t h J a n u a r y, 2013

from Allahabad which reaches Patna on

16 t h J a n u a r y, 2013

. But Sani presuming that Hani is not interested in accepting his offer, sells his house to Gani at same price on

15 t h

2013

. Hani files a suit gainst Sani for the breach of contract in the competent court of Allahabad. Whether Hani will succeed?

Q. 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?

Q. On 1st January, 2017, A draws a bill on B for ₹ 1,000 payable after 3 months. Immediately after its acceptance, A sends the bill to his bank for collection. On the due date, the bill was dishonoured. Record the transactions in the Journals of A and B.

Q. Principle: Acceptance should be made while the offer is still subsisting. The offer or is free to retract his offer at anytime before his offer gets accepted by the offeree. Once the offer is withdrawn or a lapsed, it is not open to be accepted so as to give rise to a contract. Similarly, if a time is prescribed within which the offer is to be accepted, then the offer must be accepted within the prescribed time. And if no time is prescribed, then the acceptance must be made within a reasonable time. 'What is a reasonable time', is a question of fact which is to be determined by taking into account all the relevant facts and surrounding circumstances.
Facts: 'X' makes an offer to 'Y' to sell his equipment for

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. No time is specified for the acceptance. 'Y' sends his reply two years after receiving the offer.
Which of the following derivations is correct?

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Facts 'X' made an offer to buy Y's property for a stipulated price. 'Y' accepted it and communicated his acceptance to 'Z', a stranger.
Which of the following derivations is correct?

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