Case study Example | Topics and Well Written Essays - 500 words - 2

possibility Study ExampleRealty do-nothing convey its decision in any manner within the reasonableity period and it chose to initially accept the offer by a postal communication. This is a valid word meaning and is binding on Realty. The act of revocation (within the validity period) took place before the postal acceptance reached Jettison.Acceptance once made is irrevocable and binds both parties. However, downstairs the English Law this rule is intent in its operation only to a postal acceptance. In other sides, according to Anson,an acceptance can be revoked at any time before acceptance is complete, provided of course, that the revocation itself is communicated before the acceptance arrives (Law of Contract, pp.50-51, as quoted in Law of Contracts, Bajaj & Bajaj, 2005. p.28). Thus, Realtys acceptance is legal and binding on itself.The issues involved in this case relate to a valid thrust for service, genuine mistake of fact and revision of contract harm. JetKlean commen ced its service in good faith according to the terms of the contract but realized that its ahead understanding of the condition of the jetskis was incorrect which led to under-valuation of the service needed. According to the law, Where both parties to an agreement are under a mistake as to matter of fact essential to the agreement, the agreement is void. This is a case of mistake of fact and JetKlean is entitled to renegotiate the service charges, which may be accepted or spurned by Jettison. With regard to the jetskis which were already serviced by JetKlean, they are entitled to proportionate payment according to the terms of the original contract. Jettisons decision to accept the increased price is correct in the given over circumstances.Glory Pieces offered to supply Hungarian made hand-blown crystal goblets at a price of $50 each. crevice was mailed on 1st April with a validity of 15 days. Since there was no specific assignment of validity,