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When is communication for offer acceptance complete?
rules of acceptance
Explain the general rule of revocation of an offer?
The rule of revocation is that the communication of the revocation of the offer should reach to the offeree before his initiation of the communication of acceptance. Once the offeree has communicated his offer or initiated his communication to the offer, the offerer is bound by his proposal.Example: If B makes a proposal to A on 2.1.2011. A sends his acceptance on 4.1.2011 by post. The letter may not reach B on 4.1.2011 itself. But if B wants to revoke his proposal on or after 4.1.2011, it is voidable upon A's discretion. A can make B bound by his proposal.Revocation on the part of the acceptor is possible if he can communicate the revocation of his acceptance before the acceptance is communicated to the offerer. Once the communication of the acceptance is complete, then the acceptor is bound by his acceptance.Example: If B makes a proposal to A on 2.1.2011 and A sends his acceptance on 4.1.2011 via post. If B communicates to A, through speedier means (eg telephone), then his acceptance would be considered to be revoked.The answer is according to the Indian Contracts Act, 1972.
What is outline and explain the rules governing acceptance of an offer by post?
nde ko nga alm ehh
Should the rules on offer and acceptance be changed to reflect the increasing use of instantaneous communication?
yes, You should =)
What is the difference between an offer and acceptance?
difference between offer and acceptance?
What is the difference between offer and acceptance?
difference between offer and acceptance?
What are the requirements of an effective acceptance?
An effective acceptance requires clear communication of the offer and the acceptance must be unequivocal, demonstrating a mutual agreement between the parties involved. It should be made within a reasonable time frame and in a manner consistent with the method specified in the offer. Additionally, both parties must have the legal capacity to accept, and the acceptance must not introduce new terms that would alter the original offer.
In what way can an offer be accepted other than in writing or orally?
An offer can be accepted through conduct, which means that a party's actions can indicate acceptance without explicit communication. For example, if a person begins to perform the actions stipulated in a contract, such as starting a job after receiving an offer, this can constitute acceptance. Additionally, acceptance can occur through silence in certain circumstances, particularly if the offeree has a duty to respond or if prior dealings establish that silence indicates acceptance.
Define offer and acceptance?
Offer and acceptance are required to create a legally binding contract. The offer is contracted and then by signing the contract the other person indicates their acceptance of the terms.
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.
Does Acceptance offer car insurance?
Acceptance does offer car insurance. If you contact them, a dedicated agent will be happy to help you sign up for the car insurance that Acceptance offers to its customers.
