Acceptance of an offer

Question

What do you mean by acceptance of an offer?

Answer 1

Acceptance "occurs when an offeree agrees to enter into the contract proposed by the offeror." The moment an offer is accepted, a contract is formed and each party is bound to comply with its terms.

To be valid, acceptance must be:

1. In a positive form, whether oral or by act;

2. Unequivocal - It must be complete and unconditional;

3. Without any variation in the terms of the offer or, as noted above, it will constitute a counter-offer and terminate the original offer; and

4. Communicated to the offeror - Some contracts may specify that notice of acceptance is not necessary and that the contract will be binding as soon as the offeree has performed whatever was required of him in the offer.