Monday, September 12, 2016

Introduction and Kinds of Acceptance

Introduction

Acceptance is the act of assenting by the offeree to an offer. In other word, it is the manifestation by the offeree of his willingness to be bound by the terms of the offer.
Acceptances give the validity to the offer and contract. Moreover acceptance must also be clear, unambiguous and certain.
According to section 2(c) of NCA 2056 Consent means "Consent given by a person in the same sense in which the offeror has taken the substance of the proposal presented by him/her to the former is called the acceptance.
Here for the valid acceptance there should be "meeting of mind" of the both the parties to the contract. That means the acceptance should be given as to what the offeror has the intention in offer.

Thus the acceptance is
  1. After offer
  2. Meeting of mind
  3. assent
  4. to do or not to do anything mention in offer

Kinds of acceptance

  1. Express/direct
  2. Implied

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