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the acceptance is the assent given to a proposal and it has the effect of converting the proposal into promise!!!
section2(b) of Indian contract Act defines Accptance as follows,
''when the person to whom the proposal is made signifies his assent therto,the proposal is said to be accepted.Aproposal,when accepted,becomes a promise.''
Essentials of a valid Acceptance,
1) it suld b fobbiden by law
Wiki User
∙ 12y ago
Acceptance under the Indian Contract Act, 1872 refers to the agreed and voluntary consent of both parties to accept the terms and conditions of a contract. It must be communicated and should be absolute and unconditional. The acceptance can be made orally, in writing, or by way of conduct, depending on the circumstances of the contract.
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What are the case studies in Indian contract act 1872?
case study of spellman vs spellman under indian contract act 1872
In which chapter of Indian contract act 1872 partnership is given?
Chapter IX of Indian Contract Act, 1872. This chapter has been repealed. At present we have Indian Paetnership Act, 1932 as a separate Act.
Rules for minor under Indian contract act 1872?
according to INDIAN LAW minor is the person who did not attain the age of 18. he did not undarstand what is right and what is wrong for him. no one can sue case against him
What is the history of Indian Contract Act 1872 From what is derived from?
See below link for information:
When is The Indian contract act is a legislation dating from?
This legislation is referred to as the Indian Contract Act of 1872. It relates to laws regarding binding contracts in all states in India except Jammu and Kashmir
What has the author Asoka Chunder Dutt written?
Asoka Chunder Dutt has written: 'The Indian Contract Act (Act IX of 1872)'
What has the author S C Sarkar written?
S. C. Sarkar has written: 'mistake of fact in evidence act Commentary on Indian Evidence Act, 1872 (Act no. 1 of 1872)' -- subject(s): Evidence (Law) 'mistake of fact in evidence act Commentary on Indian Evidence Act, 1872 (Act no. 1 of 1872)' 'Commentary on Indian Evidence Act, 1872 (Act no. 1 of 1872)'
Case study on fraud under Indian Contract Act 1872?
These are few fraudulent cases: Peek Vs. Gurney With Vs. O. Flanagan Bisset Vs. Wilkinson Reese River Silver mining co. Vs. Smith Smith Vs. Chandwick hope it is of help.
What is Assumption Agreement?
Should be two person An agreement is composed of two elements - offer by party & acceptance by other party. {offeree & offeror}, when the offeree gives his assent to the offer, then he is "acceptor"Should be offer (proposal).Should be acceptance of offer.What is promise?According to section 2(b) of the Indian contract act, 1872 "a proposal when accepted, becomes a promise."Example:X offers to sell his car for Rs.100,000 to Y. Y accepts this offer. This offer after acceptance becomes promise and this promise is treated as an agreement between x and y.In other words, an agreement consists of an offers by on party an acceptance by the other. In the form of an equation, it can be shown as under.Agreement = Offer(proposal) + Acceptance of offer
Why indian contract act 1872 not applicable to the state of jammu?
Because this state is not of india not pakistan also so people of j&k dint agree to pay taxes they enjoy all fruits
What is valid contarct?
A valid contract is an agreement enforceable by law. A Valid Contract is defined under Sec 2(h) of the Indian Contract Act, of 1872. To know the essential features of forming a valid contract, please refer to Desire 4 Legal Knowledge
Can a foreigner become partner in Indian partnerhp firm?
Yes, a foreigner can become a partner in an Indian partnership firm subject to certain conditions. The Foreign Exchange Management Act (FEMA) allows foreign nationals and entities to invest in Indian firms, including partnerships, under the automatic route or approval route as prescribed by the Reserve Bank of India. However, the partnership deed should be checked to ensure that there are no restrictions on the inclusion of foreign partners.
