PVL 3702 ASSINGMENT 1 SOLUTIONS 2022
The question is whether Y has accepted X’s offer in time and thus whether X and Y have
reached consensus.
Where the offeror has prescribed a time limit for acceptance, the offer lapses automatically if it is
not accepted within the prescribed period. The general rule is that a contract comes into being
only when the acceptance is communicated to the mind of the offeror. The information theory,
which is the general rule in our law, states that the agreement is concluded when and where the
offeror learns or is informed of the acceptance in other words, when the offeror reads the letter of
acceptance.
The question is whether Y has accepted X’s offer in time and thus whether X and Y have
reached consensus.
Where the offeror has prescribed a time limit for acceptance, the offer lapses automatically if it is
not accepted within the prescribed period. The general rule is that a contract comes into being
only when the acceptance is communicated to the mind of the offeror. The information theory,
which is the general rule in our law, states that the agreement is concluded when and where the
offeror learns or is informed of the acceptance in other words, when the offeror reads the letter of
acceptance.
