For a valid offer, the proposer must intend to communicate that offer or which has effect of communicating the offer. As every clap requires striking of both hands, both offer and acceptance are necessary to form a valid contract.
It has been defined as: “ an agreement enforceable by law ”. Major English case law judgements as well as Indian case laws are also included to support the arguments presented in the paper.Ī contract is a mutual agreement between the parties that governs and recognizes their rights. The rules relating to instantaneous communication along with principle of the revocation are also reasoned with comparison. The rules of postal rule in England are also discussed to facilitate comparison so as to better understand India’s regulations on the mailbox rule.
The paper begins with definition of acceptance, essentials of valid acceptance, origin of the rule and its misuse by the offeror. It will delve into its origin, developments and present applicable rules in relation with the “ Indian Contract Act, 1872”. It will deal with essentials of a valid acceptance and the exception of Post box rule in India. The research paper will mainly deal with most significant step in the contract formation –‘ Communication of acceptance’. The significance that contracts hold in today’s world can’t be questioned. With the growing advancements in the world and integration of the economies, the quantum of transactions has upsurged lately. This also helps in protecting the plastic top during transit.Mailbox Regulations and Rules Communication of acceptance and Post Box rule in Contract law This reduces the volume of the letterbox, thus reducing the cost of transportation. When the letterbox is dismantled it is designed in such a way that the base of the letterbox enters the main body and the top fits inside as shown in the image on the left.
The 30 test letter boxes installed earlier in Mumbai, Delhi, Chennai and Patna have been a success as evinced by the feedback received by India Post’s corporate communication group. The new letter box was launched on 18th October 2005 at Le Meridien, Delhi. India Post approved the design and placed a pilot order with IIT for manufacture of 200 letter boxes, have been installed now. Chakravarthy funded the pilot project up to the prototype stage and the postal authorities provided the manufacturing cost. The ample space on the sides can be used for commercials and the advertising revenue thus generated will also offset the higher cost. But the new stainless steel boxes will last longer and the postal authorities will save on the replacement costs as it will need no maintenance. The cost of manufacturing the box is relatively higher than the present mild steel letter box.
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