Contract Law

Contract Acceptance: Wrong Method, Valid Deal? βš–οΈ


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πŸ›οΈ The Communication Confusion That Could Cost You

🌟 Imagine this: You offer to sell your car for β‚Ή2 lakhs but specify acceptance must come via speed post only. The buyer loves the car, agrees to buy it, but sends acceptance via email instead. Is the deal valid? This seemingly simple question reveals fascinating legal principles!

πŸ’‘ What You'll Discover:

  • πŸ” Why silence can sometimes mean "yes" in contract law
  • βš–οΈ The "reasonable time" rule that could make or break your deals
  • 🎯 How Indian Contract Act Section 7.2 balances fairness for both parties
  • πŸ’° Why earnest money deposits are more crucial than you think

πŸš€ Real Cases Discussed:

  • πŸ’Ž Gujarat State Road Transport Corporation vs. B. Anuchandra & Company - The tender case that shows why following exact procedures matters
  • ⭐ How earnest money requirements can void entire contracts

πŸŽͺ Modern Communication Dilemma:

πŸ“± In today's digital world, what counts as "usual and reasonable" acceptance? Email? WhatsApp? Instagram DMs? The legal landscape is evolving, and this episode explores what courts might consider valid in our connected age.

πŸŽ™οΈ Whether you're making business deals or just curious about how contracts really work, this episode turns complex legal concepts into everyday wisdom you can actually use!

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Contract LawBy Sharad Bansal