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Is acceptance to buy subject to confirmation from a friend a valid acceptance?
Acceptance to buy that is subject to confirmation from a friend is generally not considered valid acceptance in contract law. For an acceptance to be valid, it must be unconditional and communicated to the offeror. If it is contingent on a third party's confirmation, it lacks the necessary clarity and commitment required for a binding agreement. Therefore, the offeror may not be able to rely on such acceptance.
What are the requirements for a valid contract?
For a contract to be valid, it must include an offer, acceptance, consideration, legal capacity, and legal purpose.
Explain consideration and acceptance are the binding element of contract?
An offer is valid only if it is made with an intention of getting the assent of another. when there is no acceptance the contract does not come into existence. For a valid contract there must be consideration which need not be adequate.
What are the component parts of an offer?
An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.
What is post box rule according to contract act?
The postal rule, also known as the mailbox rule, is a principle of contract law that deems an acceptance of an offer to be effective upon posting rather than receipt. This means that once an acceptance is posted, it is considered valid even if the offeror has not yet received it. The rule was established to provide certainty and efficiency in contract formation, especially in situations involving long-distance communication.
Does an undertaking require acceptance?
Yes, an undertaking typically requires acceptance to be binding. Acceptance signifies the agreement of the parties involved to the terms of the undertaking. Without acceptance, there may be no mutual consent, which is essential for the formation of a valid contract or agreement.
Is SRM university's ME certificate valid for Assistant Professor's post in engineering colleges?
ya it is valid ............
What is a banker's acceptance?
A banker's acceptance is a negotiable instrument or time draft drawn on and accepted by a bank, which upon acceptance becomes an obligation of the bank and is a marketable money-market instrument.
How long a permit valid in California?
your learners permit is valid for 6 months and a year after that.
Three features of a valid simple contract?
features of a valid simple are:- 1-legality 2-offer 3-acceptance
What age can you take theory test?
You have to have a valid provisional licence and your provisional licence only becomes valid on your 17th birthday.
Simple contract special contract?
They are valid element of a contract they are offer and acceptance, legality consideration capacity terms
