Creating a Contract with Travel Lust: Understanding Acceptance Criteria

Which of the following acceptances will create a contract between Travel Lust and Elaine?

The acceptance that will create a contract between Travel Lust and Elaine is an acceptance made in writing by UPS Next-Day Service. This means that Elaine needs to send a written acceptance using UPS Next-Day Service in order for the contract to be formed.

Understanding Acceptance Criteria in Contract Law

Acceptance in contract law is the final and unqualified expression of agreement to the terms of an offer. In the case of Travel Lust and Elaine, Travel Lust offered to sell 100 round-trip tickets to Elaine with the condition that the acceptance must be in writing by UPS Next-Day Service. This requirement is crucial in determining when a contract is formed between the parties involved. Step-by-Step Analysis: 1. Travel Lust made an offer to sell 100 round-trip tickets to Elaine. 2. Travel Lust specified that the acceptance must be in writing by UPS Next-Day Service. In this scenario, simply agreeing verbally or through other means would not be sufficient to create a legally binding contract. Travel Lust's requirement for a written acceptance using UPS Next-Day Service indicates a specific method of acceptance that must be followed by Elaine to form a contract. Importance of Written Acceptance via UPS Next-Day Service: Sending a written acceptance using UPS Next-Day Service ensures that there is a documented record of the acceptance and that it is delivered promptly and securely. This method of acceptance helps prevent misunderstandings and disputes regarding the agreement between Travel Lust and Elaine. Other Methods of Acceptance: It's important to note that in this case, other methods of acceptance, such as sending an email or making a phone call, would not meet the criteria set by Travel Lust for forming a contract. The specific requirement of a written acceptance via UPS Next-Day Service must be met for the contract to be valid. Conclusion: In conclusion, an acceptance in writing by UPS Next-Day Service is necessary to create a contract between Travel Lust and Elaine. By adhering to this acceptance criteria, both parties can establish a clear and legally binding agreement for the sale of round-trip tickets.
← Interest rate calculation for a 3 month t bill The impact of price floors on market surplus →