Mr Anant, who is an owner of a house want to sell his house and proposes this to Mr Kantilal through letter. The letter was posted to Mr Kantilal on Ist August 2019, and reaches him by 4th August 2019. Mr Kantilal posts his letter of acceptance on 6th of August 2019, that reaches Mr Anant by 9th August. In between Mr Anant rethought about selling of his house and sends a letter of revocation on 7th August 2019, for revocation of the offer. Will the offer given by Mr Anant get revoked? Is there an agreement between Mr Anant and Mr Kantilal

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question
Mr Anant, who is an owner of a house want to sell his house and proposes this to Mr Kantilal through letter. The letter was posted to Mr Kantilal on Ist August 2019, and reaches him by 4th August 2019. Mr Kantilal posts his letter of acceptance on 6th of August 2019, that reaches Mr Anant by 9th August. In between Mr Anant rethought about selling of his house and sends a letter of revocation on 7th August 2019, for revocation of the offer. Will the offer given by Mr Anant get revoked? Is there an agreement between Mr Anant and Mr Kantilal
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Negotiable instruments
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.