Case Summary - The Household Fire and Carriage Accident Insurance Co Ltd v Grant (1879)
Use of the post was a legitimate means of acceptance in the case of The Household Fire and Carriage Accident Insurance Co Ltd v Grant (1879). Facts The defendant offered to purchase some of the plaintiff's stock. An allotment letter was sent to the defendant, but it never came, indicating that the offer had been accepted. The company was liquidated three years later, and the liquidator claimed the unpaid sums on the defendant's shares. Decision The defendant was found to be a shareholder by the Court of Appeal, and hence obliged to pay the demanded amount. In this case, the post was a suitable means of acceptance, thus there was a contract on the posting of the allocation letter, according to the postal rule. Bramwell LJ dissents, claiming that acceptance should be informed to the offeror only after it has been accepted
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