CLAT Exam > CLAT Videos > Legal Reasoning for CLAT > Acceptance
Acceptance Video Lecture | Legal Reasoning for CLAT
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FAQs on Acceptance Video Lecture - Legal Reasoning for CLAT
| 1. What is acceptance in contract law? |  |
Ans. Acceptance refers to the agreement of the offeree to the terms and conditions of the offer made by the offeror. In contract law, acceptance is the final and unqualified expression of assent to the terms of an offer. It is a crucial element in the formation of a contract.
| 2. How can acceptance be communicated? | |
Ans. Acceptance can be communicated in different ways such as orally, in writing, or through conduct. The general rule is that the acceptance must be communicated to the offeror. If the offeror specifies the mode of communication, then the acceptance should be communicated in that specific mode.
| 3. Can acceptance be revoked? | |
Ans. Yes, acceptance can be revoked in certain circumstances. If the offeror receives the revocation of acceptance before they receive the acceptance, then the acceptance is invalid. Moreover, if the offeror has given the offeree notice that acceptance must be made in a particular way, then the offeree cannot accept in any other way.
| 4. What happens if there is no acceptance in a contract? | |
Ans. If there is no acceptance in a contract, then there is no binding agreement between the parties. An offer made by one party cannot create a contract unless it is accepted by the other party. Therefore, if there is no acceptance, there is no agreement, and no obligation on either party.
| 5. What is the difference between acceptance and counteroffer? | |
Ans. Acceptance is the unqualified agreement of the offeree to the offer made by the offeror. A counteroffer, on the other hand, is a rejection of the original offer and the simultaneous making of a new offer. A counteroffer terminates the original offer, and the offeree becomes the offeror. Therefore, a counteroffer is not an acceptance, and it starts a new negotiation process between the parties.
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Nov 21, 2024 Last updated |
Video Description: Acceptance for CLAT 2024 is part of Legal Reasoning for CLAT preparation.
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