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CIPS Exam L4M3 Topic 3 Question 29 Discussion

Actual exam question for CIPS's L4M3 exam
Question #: 29
Topic #: 3
[All L4M3 Questions]

According to mailbox rule in some common law countries, at which point the offeree's acceptance will be effective?

Show Suggested Answer Hide Answer
Suggested Answer: D

When parties do not negotiate face-to-face, a key Question: becomes when

things like acceptances, rejections and revocations take effect. The general rule is that acceptances are effective on dispatch (when they are mailed). Everything else becomes effective when the offeror actually receives them. This idea is codified by the ''mailbox rule'' which states that acceptance is effective on dispatch, even before the offeror has received it. (The one minor exception to this rule involves option contracts for which acceptances are not effective until they are received by the offeror.)


- The Mailbox Rule

- CIPS study guide page 34

by Mollie at Mar 09, 2024, 02:13 AM

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Ryan
4 months ago
Exactly, that's the beauty of the mailbox rule.
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Cecil
4 months ago
So it doesn't matter when the offeror actually reads the acceptance?
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Kara
4 months ago
That's where the rule comes in - as long as the acceptance is correctly addressed, postage paid, and posted, it is considered effective.
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Socorro
5 months ago
But what if the offeror never receives the letter? Wouldn't that make it ineffective?
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Keneth
5 months ago
I agree, the offeree has done everything they needed to do once they posted the acceptance letter.
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Colette
5 months ago
I think the answer is D, because that's when the acceptance is out of the hands of the offeree.
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Gregg
6 months ago
That would make sense, but traditionally it's when the letter is posted.
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Gail
6 months ago
But what about option A? Doesn't the acceptance become effective when the offeree reads the letter?
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Deandrea
6 months ago
I agree with Gregg. The acceptance is effective when the letter is posted.
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Gregg
6 months ago
I think the answer is D.
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