In the context of revocations, what does the term 'course of transmission' refer to?
Understand the Problem
The question is asking for the definition of the term 'course of transmission' in the context of revocations, specifically which option accurately describes what this term means.
Answer
'Course of transmission' refers to the period when an acceptance is sent but not yet received, affecting revocation validity.
In the context of revocations, 'course of transmission' refers to the time period during which an acceptance is sent but not yet received by the offeror. This concept impacts the effectiveness of revocations, as once acceptance is in the course of transmission, revocation by the offeror may not be valid.
Answer for screen readers
In the context of revocations, 'course of transmission' refers to the time period during which an acceptance is sent but not yet received by the offeror. This concept impacts the effectiveness of revocations, as once acceptance is in the course of transmission, revocation by the offeror may not be valid.
More Information
The term is significant because it highlights the importance of timing in contract communications, especially concerning acceptance and revocation of offers as dictated by the mailbox rule in contract law.
Tips
People sometimes misunderstand 'course of transmission' as relevant only to the receiving end. It's crucial to remember that it also impacts the sender's ability to revoke an offer once the acceptance is sent.
Sources
- Communication of Offer & Acceptance and Revocation of Offer - toppr.com
- [PDF] Some Problems of Revocation and Termination of Offers - repository.law.indiana.edu
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