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A mere mental acceptance not evidenced by words or conduct is in the eyes of law no acceptance?
In legal terms, for an acceptance to be valid, it must be communicated through words or conduct that clearly demonstrate agreement to the terms of an offer. Simply thinking about acceptance without expressing it is not sufficient for a legally binding contract to be formed. Communication is key in contract law.
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.
Four elemenys of a contract?
four elements of a contract are offer and acceptance, consideration, capacity to contract and intended to be legally binding. Before offer and accetance you must have agreement. Consideration is the money part altough in Australia it may be something of value even an act for an act,Capacity means simply that you can only have a contract with someone who ia of age, understands the implication of what they are doing, they are not disabled by language barriers or limited education or that they are being forced in some way.
Can the employee rescind his acceptanace of an offer of employment?
I think it depends on what State you live in and if that State is an "at will" employer. You can contact the State Employment Agency, they should know. An employer can rescind an offer at any time for any reason or no reason. If you incurred costs by accepting the offer (like moving or quitting a previous job) the employer may owe damages, unless you lied about not being terminated.
In a contract containing an option period when it is the offerer not allow to withdraw is offer when before acceptance by the offeree?
If the contract has not been signed, then the contract can be withdrawn at any time because there has been no legally binding acceptance of the terms of the contract. Once the contract jas been signed by both parties it definitely cannot be withdrawn.
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.
Can a offeror revoke there contract?
An offeror can revoke their offer before it is accepted, as long as they communicate the revocation to the offeree. However, once an offer has been accepted, a contract is formed, and the offeror cannot revoke the offer without facing potential legal consequences. Certain situations, such as option contracts or reliance by the offeree, may limit the offeror's ability to revoke. Thus, the specifics of the situation and applicable laws play a crucial role in determining whether revocation is possible.
What is the difference between rejection and revocation?
Rejection is the rejection of an offer by the offeree. After an offeror has made an offer it can be rejected by the offeree. Revocation is the revoking of an offer by the offeror. An offeror may also revoke his offer at any time before acceptance by the offeree unless an option contract is created or is otherwise precluded from revoking the offer.
When does your acceptance of a job offer through mail take effect when it is mailed or when it is received by the Corporation?
The acceptance of a job offer through mail takes effect when both parties agreed on the offers. This means that the corporation must have received the acceptance letter and has verified with the sender before the job offer will take effect.
Can an acceptance be revoked?
Yes, an acceptance can be revoked before the other party has received it, as long as the revocation is communicated clearly. Once the acceptance has been communicated and received by the offeror, it generally cannot be revoked. However, if the offeror has indicated that the acceptance must be communicated in a specific manner, failing to follow that can also allow for revocation. Ultimately, the specific circumstances and terms of the offer play a crucial role in determining the ability to revoke acceptance.
Is it possible to rescind a signed new auto contract before taking possession in NYS?
In most states you have three days from the date of signing to revoke the offer.
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?
How can the offer or revoke his offer?
To be able to answer your question we need a what, who, where, when, why, or how. Your question doesn’t give us who or what.
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.
When is communication for offer acceptance complete?
rules of acceptance
