Mr. Saeed wanted to purchase a horse from Raza, but the price he offered to pay for the horse was less than that Raza was willing to sell it for. The horse, therefore, was still in his possession. Saeed communicated his offer through a letter, saying, “If I hear no more about you, I consider the horse is mine at Rs 10000” Raza could not respond to the letter because he was busy with an auction on his farm. Mr. Saeed then sued Raza for the horse. Does Raza’s silence be considered an acceptance of the offer? Explain with relevant section of law.
Mr. Saeed wanted to purchase a horse from Raza, but the price he offered to pay for the horse was less than that Raza was willing to sell it for. The horse, therefore, was still in his possession. Saeed communicated his offer through a letter, saying, “If I hear no more about you, I consider the horse is mine at Rs 10000” Raza could not respond to the letter because he was busy with an auction on his farm. Mr. Saeed then sued Raza for the horse. Does Raza’s silence be considered an acceptance of the offer? Explain with relevant section of law.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mr. Saeed wanted to purchase a horse from Raza, but the price he offered to pay for the
horse was less than that Raza was willing to sell it for. The horse, therefore, was still in his
possession. Saeed communicated his offer through a letter, saying, “If I hear no more about you, I
consider the horse is mine at Rs 10000” Raza could not respond to the letter because he was busy
with an auction on his farm. Mr. Saeed then sued Raza for the horse. Does Raza’s silence be
considered an acceptance of the offer? Explain with relevant section of law.
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