X and Y Live in the Same Suburb

question 2

Multiple Choice

X and Y live in the same suburb.X offers to sell Y his luxury yacht and tells Y to respond by post.Y posts a letter accepting the offer.The following evening Y changes her mind and calls X and leaves a message on X's voicemail saying that the offer is not accepted.Which of the following is correct?

• A)A contract was formed when Y sent the letter and prior to Y's phone call as that was when Y's acceptance will be deemed to have been communicated according to the postal rule.
• B)There is no contract because Y effectively communicated her rejection of the offer.
• C)There is no contract because offers cannot be accepted by post.
• D)A contract was formed as soon as X received Y's voicemail message.

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Definitions:

Hermann Ebbinghaus

A German psychologist best known for his pioneering work on the study of memory, including the forgetting curve and the spacing effect.

Ebbinghaus' Retention Curve

A graphical representation of the decline in memory retention over time, illustrating that memories diminish if not rehearsed.

Chunking

A strategy for making more efficient use of short-term memory by grouping information into larger units.

Relearning

The process of learning material or skills for a second time, often more quickly than the first, indicating the retention of latent knowledge.