ITPEC IP October 2023 Question 75
ITPEC IP October 2023 — Question 75 of 100
The sales contract is concluded at point B, when Company K acknowledges Company S's order. The order form is the purchaser's offer to buy on the quoted terms. The supplier's acknowledgement communicates acceptance of that offer, creating agreement because the transaction content has not changed.
Answer (b)
Why not others:
- A is only the purchaser sending the order or offer; acceptance has not yet been communicated
- C is delivery and invoicing after contract formation
- D is the purchaser's receipt of the goods, also after the agreement exists
Key rule: A contract is formed when a valid offer is accepted; later delivery, receipt, billing, and payment perform the concluded contract.
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