Tuesday, 27 March 2012

Acceptance | What Is Acceptance

Acceptance  what is Acceptance

 

Acceptance :-  When one person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted.


Essentials of Acceptance:-

1. Acceptance must be absolute and unqualified.

2. It must be expressed in some usual & reasonable manner.

3. Mental Acceptance is not sufficient in Law.

4. Acceptance must be communicated to the offerer.

5. Acceptance must be by a certain person.

6. Acceptance must be given within a reasonable time.

7. Acceptance must be given before the offer lapses or is revoked or is withdrawn.

8.Acceptance of proposal is acceptance of all terms.

0 comments:

Post a Comment