ITPEC IP October 2019 Question 77
ITPEC IP October 2019 — Question 77 of 100
The sales contract is concluded at point B, when the supplier's order acknowledgment communicates acceptance of the purchaser's order. The order form is the purchaser's offer on the quoted terms, and the matching acknowledgment forms the agreement before delivery and payment.
Answer (b)
Why not others:
- point A is submission of the order, so acceptance has not yet been communicated
- point C is delivery and invoicing after the contract already exists
- point D is the purchaser's receipt of the goods, also part of contract performance
Key rule: A contract is generally formed when a valid offer is accepted on matching terms; later delivery, receipt, and payment perform that contract.
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