CLAT Exam  >  CLAT Videos  >  Legal Reasoning for CLAT  >  Acceptance

Acceptance Video Lecture | Legal Reasoning for CLAT

115 videos|144 docs|50 tests

Top Courses for CLAT

Video Timeline
Video Timeline
arrow
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

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.
115 videos|144 docs|50 tests
Video Timeline
Video Timeline
arrow
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
Explore Courses for CLAT exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Related Searches

MCQs

,

Acceptance Video Lecture | Legal Reasoning for CLAT

,

Viva Questions

,

Semester Notes

,

study material

,

video lectures

,

Acceptance Video Lecture | Legal Reasoning for CLAT

,

mock tests for examination

,

Objective type Questions

,

past year papers

,

Sample Paper

,

Important questions

,

shortcuts and tricks

,

Summary

,

Exam

,

Previous Year Questions with Solutions

,

practice quizzes

,

Extra Questions

,

pdf

,

ppt

,

Free

,

Acceptance Video Lecture | Legal Reasoning for CLAT

;