... especially in business, however, the consequence of this is that it is often difficult to fit the precise model of the postal rule within the modern day means of communication which is characterised by the influx of electronic means of transaction such as the internet, telephone, fax, telex and so on. This essay will focus on an analysis of which of the two rules - postal and pre-postal - will be most applicable in terms of contract formation using these electronic media most prevalent in the 21st century. Offer and Acceptance In determining the existence of an agreement in any contract, it is important to determine if there has been an event which is capable of constituting a valid offer, acceptance or revocation, and the issue of whether and when communication of it took place.1 An offer is an expression of willingness to contract made with the intention that it shall ...

See this essay or coursework document in full right now