Question

On April 15th you receive an offer in the mail from a vendor to sell you a specific piece of merchandise for $13,500. You send a letter by certified mail back to the supplier communicating your unconditional acceptance on Aprii 16 th. The supplier recelves the letter on April 23 rd. Based on the above, when did you have a contract in place? Select one: a. April 23rd. b. A contuact never existed. c. April 15 th. d. April 16th.

Answer 1

Answer: The contract was in place on 23rd April.

Explanation: In my opinion, the contract was in place on 23rd April. You revert to them on 16th April. But the vendor received the letter on 23rd April. It is called a contract only when both parties have a written agreement and it has to be intended to be enforceable by law. so it is on 23rd April, that both parties acknowledged it and received it.