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Comment on the following statements
A. Acceptance must be absolute and unqualified
B. Acceptance must be in the prescribed mode.?
A. Acceptance must be absolute and unqualified
B. Acceptance must be in the prescribed mode.?
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Comment on the following statementsA. Acceptance must be absolute and ...
Acceptance Must Be Absolute and Unqualified
Acceptance in contract law signifies the agreement to the terms proposed by an offeror. For acceptance to be valid:
Acceptance Must Be in the Prescribed Mode
The mode of acceptance refers to the manner in which the acceptance is communicated to the offeror. This is essential as it can affect the validity of the acceptance.
In conclusion, both the nature of acceptance as absolute and the adherence to the prescribed mode are fundamental principles in contract law that ensure clarity and enforceability in agreements.
Acceptance in contract law signifies the agreement to the terms proposed by an offeror. For acceptance to be valid:
- Clarity of Terms: The terms of the offer must be clear and unambiguous. Any modifications or conditions attached to the acceptance can lead to a counter-offer rather than acceptance.
- Entire Agreement: The acceptance must reflect the exact terms of the offer without any deviations, ensuring that both parties are on the same page.
- Intention to Create Legal Relations: The acceptance must clearly indicate the intention to enter into a legally binding agreement, which is crucial for enforceability.
Acceptance Must Be in the Prescribed Mode
The mode of acceptance refers to the manner in which the acceptance is communicated to the offeror. This is essential as it can affect the validity of the acceptance.
- Specified Method: If the offer specifies a particular mode of acceptance (e.g., in writing, via email), it must be followed to ensure that the acceptance is recognized as valid.
- Reasonable Method: If no method is prescribed, acceptance can be communicated through a reasonable means, which may include verbal communication or conduct that indicates acceptance.
- Timing of Acceptance: The acceptance must occur within the time frame stipulated in the offer. Late acceptance can lead to the offer lapsing.
In conclusion, both the nature of acceptance as absolute and the adherence to the prescribed mode are fundamental principles in contract law that ensure clarity and enforceability in agreements.
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Comment on the following statementsA. Acceptance must be absolute and unqualified B. Acceptance must be in the prescribed mode.?
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Comment on the following statementsA. Acceptance must be absolute and unqualified B. Acceptance must be in the prescribed mode.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Comment on the following statementsA. Acceptance must be absolute and unqualified B. Acceptance must be in the prescribed mode.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Comment on the following statementsA. Acceptance must be absolute and unqualified B. Acceptance must be in the prescribed mode.?.
Comment on the following statementsA. Acceptance must be absolute and unqualified B. Acceptance must be in the prescribed mode.? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Comment on the following statementsA. Acceptance must be absolute and unqualified B. Acceptance must be in the prescribed mode.? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Comment on the following statementsA. Acceptance must be absolute and unqualified B. Acceptance must be in the prescribed mode.?.
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