X makes a written
offer to Y to purchase Y’s Rolex watch. X sends the written offer by post to Y.
Y reads the offer on 13 May and drafts an acceptance on 14 May. Y posts his
written acceptance on 15 May to X. X receives the acceptance on 17 May and
reads it on 18 May. Based on these facts, which statement is CORRECT ?

Question

X makes a written
offer to Y to purchase Y’s Rolex watch. X sends the written offer by post to Y.
Y reads the offer on 13 May and drafts an acceptance on 14 May. Y posts his
written acceptance on 15 May to X. X receives the acceptance on 17 May and
reads it on 18 May. Based on these facts, which statement is  CORRECT ?

Answer

The declaration
theory applies, and a valid contract was concluded between X and Y on 17 May.

Answer

The expedition theory
applies, and a valid contract was concluded between X and Y on 15 May.

Answer

The reception theory
applies, and a valid contract was concluded between X and Y on 18 May.

Answer

The information
theory applies, and a valid contract was concluded between X and Y on 18 May.

Answer

A valid contract was
concluded between X and Y on 14 May.

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X makes a written offer to Y to purchase Y’s Rolex watch. X sends the written o...

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