What is a reasonable time for acceptance of an offer?
British Columbia, Canada
The following excerpt is from The Owners, Strata Plan NW 3174 v. Siddoo Kashmir Holdings Ltd., 2013 BCSC 509 (CanLII):
I accept that what is regarded as a reasonable time for acceptance of an offer may take account of the need for an offeree to obtain third party consent to a proposed arrangement. The need for approval simply becomes part of the surrounding circumstances to be taken into account in determining whether the offer has been accepted within a reasonable time. Where the consent of a third party is required before an offer may be accepted, there must be no unreasonable or undue delay on the part of the offeree in obtaining it or, having done so, proceeding to act on the offer by communicating its acceptance: see Davidson v. Norstrant (1921), 1921 CanLII 26 (SCC), 61 S.C.R. 493.
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