postal acceptance rule
Modern technology has created a new electronic world without borders. With modern computer technology, communication devices, and interactive networks like the Internet which can link up everyone in any part of the world, globalization and international trade have never been more convenient. Changes in the way commerce is undertaken have placed greater reliance on technology. From placing an advertisement on eBay to making agreements via email, technology forms the infrastructure of modern business operations.The pace at which technology advances poses challenges to today's law and introduces greater difficulty in constructing an adequate framework for e-commerce.When operating a business, more than often than not, it will involve contracts and agreements. In contract formation, there must be an offer and a corresponding acceptance. The general rule is that, for an acceptance to be effective, acceptance must be communicated to the offeror. The Postal Acceptance Rule is an exception that allows acceptance to remain effective even if it is not communicated to the offeror when the acceptance is sent through the post. It was introduced to accommodate the postal technologies of the 19th century when deli
With the quantum advances in telecommunication, it is less popular for parties to agree that acceptance should be sent by post. It has also laid the foundations of new legislations that are enacted for modern communications. An email message is entrusted to internet service providers which convey the data; the sent mail will then be stored in the inbox of an email service from where it is retrieved by the addressee. According to Singapore's Electronics Transactions Act, despatch of the mail occurs when the message enters any information system outside the control of the originator. Telex, Facsimile MachinesTelexes operators communicate by typing and responding to each other in real time. For the sale of goods over the Internet, merchants employ the use of automated system. This bears resemblance to the Postal Acceptance Rule in the basis that the physical receipt of the message is not required by the offeror. vering a letter can be a tedious and long process. Furthermore, it allows deals to be formed within seconds. Postal Acceptance Rule has served us well when postal services are the standard medium of correspondence. Internet phone, Mobile Phone, Video ConferencingIn a situation where a merchant and a customer converse by video conferencing, communication between the parties is absolutely instantaneous (no significant time lapse). InternetArguably the greatest invention ever, the internet provides an unlimited supply of business opportunities. Under this legislation, the acceptance is deemed to be effective as soon as the letter is posted, regardless as to when it reaches the offeror or whether it reaches him at all. This also applies to communicating on the mobile phone or internet phone whereby acceptance is made orally and can actually be heard by the offeror. This puts the Postal Acceptance Rule at high risk of being obsolete.
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Acceptance Essays
