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Dec 24, 2019 · The Indian Contract Act 1872 defines acceptance in Section 2 (b) as “When the person to whom the proposal is made signifies his assent thereto, the offer is said to be accepted. Thus the proposal when accepted becomes a promise.”. An offer can be revoked before it is accepted.
Mar 27, 2023 · “Acceptance must be communicated” is a fundamental principle of contract law, which means that the acceptance of a proposal or offer by the offeree must be communicated to the proposer or offeror for a contract to be legally binding.
Section 8 of the Indian Contract Act 1872, provides that acceptance by conduct or actions of the promisee is acceptable. So if a person performs certain actions that communicate that he has accepted the offer, such implied acceptance is permissible.
Mar 17, 2022 · Acceptance is defined under Section 2 (b) of the Indian Contract Act, 1872 as “When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. A proposal, when accepted, becomes a promise.”
Jun 20, 2023 · Legal rules relating to acceptance. Acceptance must be absolute and unqualified. Communication of acceptance must be made by the acceptor or his agent. The acceptance must be expressed in some usual and reasonable manner. Acceptance of an offer is the acceptance of all its terms.
Aug 20, 2023 · Two of the most fundamental concepts in contract law are offer and acceptance. At first glance, offer and acceptance may appear self-explanatory, but they have unique legal connotations that dictate how contractual relationships are formed.
Acceptance in Contract Law - Lecture. Share this: Facebook Twitter LinkedIn. Overview of Basic Principles. The purpose of this chapter is to grasp the concept of acceptance, which is in simple terms the acceptance of the offer.
