FAQs on Acceptance

Question 1

1. What is acceptance in contract law?

Accepted Answer

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.

Question 2

2. How can acceptance be communicated?

Accepted Answer

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.

Question 3

3. Can acceptance be revoked?

Accepted Answer

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.

Question 4

4. What happens if there is no acceptance in a contract?

Accepted Answer

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.

Question 5

5. What is the difference between acceptance and counteroffer?

Accepted Answer

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.

00:40	Introduction
01:13	Acceptance
02:15	Reqiurements
03:27	Counter offer
04:36	Example of Question
06:23	Clarification
07:07	Acceptance or Counter Offer
08:46	Unilateral & Bilateral offer
12:11	Valid Acceptance
14:02	Communication
More

00:40	Introduction
01:13	Acceptance
02:15	Reqiurements
03:27	Counter offer
04:36	Example of Question
06:23	Clarification
07:07	Acceptance or Counter Offer
08:46	Unilateral & Bilateral offer
12:11	Valid Acceptance
14:02	Communication
More

Acceptance Video Lecture - Legal Reasoning for CLAT

Legal Reasoning for CLAT

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