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Communication of offer against acceptance explain?
explain communication of acceptence against proposer and acceptor ?
What are the elements of proposition?
The offer to do or complete a specifc duty, act, or acts, and the acceptance of the offer.
When acceptance of offer complete?
Generally an offer is accepted when acceptance is communicated to the offeror. This is covered under the section 8 of the INDIAN CONTRACT ACT.
When Communication of the revocation of an offer coplete?
Communication of revocation of an offer is complete when the receiver of such communication effectively accepts such revocation.
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.
Should the rules on offer and acceptance be changed to reflect the increasing use of instantaneous communication?
yes, You should =)
What is meant by the statement 'acceptance must be made in reliance of the offer?
the four elements of the contract must be complete
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?
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.
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.
