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17 February, 07:56

On Friday, Billy mails Andrew an offer, which Andrew receives on Monday. On Tuesday, Billy mails Andrew a revocation, which Andrew does not receive until Thursday. Andrew takes no action when he receives the revocation. Meanwhile Andrew mailed Billy an acceptance on Wednesday that Billy receives on Friday. Is a contract formed, and if so, on what day?

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  1. 17 February, 08:20
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    When Andrew sent his acceptance on Wednesday a contract was formed.

    Explanation:

    Andrew had recieved the offer on Monday and accepted on Wednesday, although Billy sent a revocation on Tuesday.

    The onus for Andrew to receive the revocation on time is on Billy, a faster means should have been taken to notify Andrew of the revocation.

    So the contract was formed on Wednesday when Andrew accepted the offer.
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