The gunpowder rule : Acceptance in contract law. скачать в хорошем качестве

The gunpowder rule : Acceptance in contract law.

The Gunpowder Metaphor: Acceptance & Offer | Indian Contract Act, 1872 Can an acceptance be taken back once it's given? Why did Sir William Anson compare a contract to a trail of gunpowder? 🧨🔥 In today’s lecture, we dive deep into one of the most famous metaphors in legal history: "Acceptance is to an offer what a lighted matchstick is to a trail of gunpowder." We will explore the "point of no return" in the Indian Contract Act, 1872, and understand the legal consequences of a binding promise. 📖 What You Will Learn: ➡️The Famous Metaphor: Breaking down Sir William Anson’s quote. ➡️The Legal Logic: Why an offer can be revoked, but a contract (Offer + Acceptance) cannot. ➡️Section 2(b): Defining Acceptance under the Indian Contract Act. ➡️Case Laws: Key judicial precedents that define the finality of acceptance. 💡 Key Takeaway: Just as you cannot stop the explosion once the match hits the gunpowder, you cannot revoke an acceptance once it is communicated as per the law. This creates a Legal Tie that binds both parties.