Contract Formation in the Electronic Age

This article considers the continuing relevance of the traditional rules regarding when contractual communications take effect. In particular, it considers whether the postal acceptance rule applies to the transmission of a notice exercising an option under a contract, concluding that (unless the option is in offer form, or the contract otherwise so provides) it does not.This article considers the continuing relevance of the traditional rules regarding when contractual communications take effect. In particular, it considers whether the postal acceptance rule applies to the transmission of a notice exercising an option under a contract, concluding that (unless the option is in offer form, or the contract otherwise so provides) it does not.