Generally an offer is accepted when acceptance is communicated to the offeror. This is covered under the section 8 of the INDIAN CONTRACT ACT.
rules of acceptance
The offer to do or complete a specifc duty, act, or acts, and the acceptance of the offer.
the four elements of the contract must be complete
difference between offer and acceptance?
difference between 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.
An acceptance is considered unqualified when it agrees to all the terms and conditions of the offer without any modifications or reservations. This means that the offeree accepts the offer exactly as it stands, indicating a complete agreement with the offeror's proposal. An unqualified acceptance creates a binding contract, as it reflects mutual consent without any ambiguities or additional stipulations.
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.
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No, an acceptance cannot impose new conditions or change the terms of the original offer without rejecting it. If the acceptance includes modifications, it is considered a counteroffer rather than an acceptance, which effectively rejects the original offer. For a valid acceptance, the response must mirror the terms of the offer exactly for a contract to be formed.
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Offer and acceptance are most often seen when there is some sort of legal and binding contract being drawn up. The contractor makes and offer and the person they offer it to chooses to accept or not.