1.
Acceptance must
be absolute and unconditional. An acceptance must be unconditional and
unqualified. Accepting an offer with conditions, variations and reservations
amounts to counter offer and rejection of the original offer. The accepter must
comply with the terms of the offer. A variations or alteration, however, small
of the offer, will make the acceptance invalid.
2.
Acceptance must
be communicated to the offeror. If the offeror remains silent and does nothing to
show that he has accepted the offer, no contract is formed. The acceptor should
do something to signify his intention to accept. Thus, where a person accepts
an offer but fails to post the letter of acceptance, it is no acceptance.
3.
Acceptance must
be within a reasonable time. Acceptance to be valid must be made within the
time allowed by the offeror and if no time is specified, it must be made within
a reasonable time.
4.
It must be
according to the mode prescribed or usual or reasonable mode. Acceptance has to
be made in the manner prescribed, the proper may within a reasonable time after
the acceptance is communicated to him, insist that the acceptance must be made
in the manner prescribed. Failure on the part of the offeror to do so, will
imply that he has accepted the acceptance although it is not in the desired
manner.
5.
The acceptor must
be aware of the proposal at the time of the offer. Acceptance follows offer. It
the acceptor is not aware of the existence of the offer and conveys his
acceptance, no contract comes into being.
6.
Acceptance must
be given before the offer lapses or before the offer is revoked. It means that
acceptance must be made within the offer is in force i.e. before the offer has
been revoked or offer has lapsed.
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if the peson says i will be happy to join your team! does tht mean acceptance?
ReplyDeleteNo, it will become an offer.
Deleteare you sure?
Deletethanks a lot
ReplyDeleteCan i read business law from an acctn degree, scnd class upper
ReplyDeleteCan i read business law from an acctn degree, scnd class upper
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ReplyDelete