Acceptance is an essential element of a valid contract like offer. Offer and acceptance are foundation and the first step of agreement. Every agreement beings with offer and acceptance when offer is accepted by the other for whom it was made it is called acceptance. All terms and conditions of the offer must be accepted by the other (offeree) without acceptance agreement is not possible. If the offer is refused and rejected by the other there is no question of agreement so like offer acceptance is also equally important for making an agreement while accepting offer all the terms and conditions must be accepted and understand is the same way and sense taken by offeree.
Rules: -
a.Acceptance only by offeree (party for whom it is made)
b.Acceptance within the time.
c.Acceptance before cancellation of offer.
d.Communication of acceptance.
e.Unconditional acceptance.
f.Acceptance according to condition.
g.Express or Implied acceptance.
h.Rejected offer can’t be accepted.
Rules: -
a.Acceptance only by offeree (party for whom it is made)
b.Acceptance within the time.
c.Acceptance before cancellation of offer.
d.Communication of acceptance.
e.Unconditional acceptance.
f.Acceptance according to condition.
g.Express or Implied acceptance.
h.Rejected offer can’t be accepted.
0 comments:
Post a Comment