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Actually, consideration has nothing to do with offer and acceptance. It's a totally unrelated concept.
A valid offer is essentially a statement or action which unambiguously lays out the terms of the proposed agreement (e.g. "I will pay you $1,000 if you paint my house" - if the offeree accepts, there will be no question as to the obligations of each party - the offeree has to paint the house, at which point the offeror has to pay him $1,000). The statement must also clearly leave the offeree with the power of acceptance - it must be something which the offeree can clearly accept or reject.
A valid acceptance unambiguously adopts the terms of the offer, indicating an intent to perform under those terms.
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consideration
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoAn oral contract is a contract the terms of which have been agreed by spoken communication, in contrast to a written contract, where the contract is a written document. There may be written, or other physical evidence, of an oral contract - for example where the parties write down what they have agreed - but the contract itself is not a written one.
In general, oral contracts are just as valid as written ones, but some jurisdictions either require a contract to be in writing in certain circumstances (for example where real property is being conveyed, or that a contract be evidenced in writing (though it may be oral). An example of the latter being the requirement that contract of guarantee be evidenced in writing that is found in the Statute of Frauds.
Similarly, the limitation period prescribed for an action may be shorter for an oral contract than it is for a written one.
The term verbal contract is sometimes incorrectly used as a synonym for oral contract. However, a verbal contract is one that is agreed to using words, either written or spoken, as opposed to an implied contract.[1]
Wiki User
∙ 9y agoNothing is usually required for acceptance of a valid offer other than a verbal affirmation. Sometimes you are required to sign a written offer.
Wiki User
∙ 9y agoThe acceptance must be unconditional and must follow the rules regarding the method of acceptance.
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What are the requirements of acceptance?
The acceptance must be unconditional and must follow the rules regarding the method of acceptance.
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Requirements validation is a critical step in the development process, usually after requirements engineering or requirements analysis. Also at delivery (client acceptance test).
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Several basic requirements are an international controlling body, acceptance as a bona fide sport and public interest in it.
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Alpha testing is always performed by the developers at the software development site. acceptance testing is a test conducted to determine if the requirements of a specification or contract are met.
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You can gain acceptance into Columbia University's online classes by ensuring that you have or can meet their academic entry requirements, make an application and wait to hear back from them.
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The purpose of the testing is to achieve organizational acceptance that the solution satisfies the recovery requirements. Plans may fail to meet expectations due to inaccurate recovery requirements.
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Be certain that you have met the requirements for beginning students. There may be alternatives to some prerequisites to undergraduate admission.
GPA requirements to get into towson university?
The average GPA of students who were accepted into Towson University was 3.6. Towson University has an acceptance rate of about sixty percent.
What is User acceptance testing?
Acceptance testing is when the specifier or purchaser (or end user) gets to try the product/service/program and determine if it meets requirements/specifications. basically.... its when the final product is given to the end-user so as to run it themselves. he/she can then assess how efficient it is
Could you major in criminal justice to be a lawyer?
Yes, but the trick is to gain acceptance to law school. Check out law school admission requirements to get a bead on what is required to get in.
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Lowell High School has been open since 1856 and is one of the top schools in San Francisco. The admission process is merit based and competitive. The exact requirements are unknown.
What is doors an acronym for when used with SAP?
DOORS is the acronym for Dynamic Object Oriented Requirements System. This is a software system that is used in a software/system development environment to track software and/or hardware requirements from inception (the requirements analysis, definition and specification phase) throughout the project life cycle. It is used to ensure that requirements get satisfied (implemented) and tested prior to project completion (delivery, acceptance, operations and maintenance phases). DOORS is the acronym for Dynamic Object Oriented Requirements System. This is a software system that is used in a software/system development environment to track software and/or hardware requirements from inception (the requirements analysis, definition and specification phase) throughout the project life cycle. It is used to ensure that requirements get satisfied (implemented) and tested prior to project completion (delivery, acceptance, operations and maintenance phases).
