acceptance in contract of law-meaning, e

accceptance

1. Acceptance W hen t he person m ade proposal is a ss ent, it is signifies an ac c ep t an c e to w h o m the h i s o f p r o p osa l . A n a c c e p t ed prop o sa l is called a promise or an agreement.

2. TYP E O F ACCEPTANCE IMPLIED conducts) EXPRESSED (acceptance by words, (acceptance by Spoken or written) (treatment of docter)

3. R e qu i r e m e n t s o f A c c e pt a n c e ( r u les o f v a li d a cc e pt a n c e) M u s t b e a b s o l u te a n d un q ua l i f i e d I t m u s t b e c o m m u n i c a te d A c c e p te d w i t h i n a r e a s o n a b l e t i m e . M u s t b e m a d e i n t h e p r e s c r i be d m a nn e r M u s t b e m a d e b e f o r e t h e tim e l a p s e s G i v e n b y t h e pe r s o n to w h o m t h e o f f e r h a s b e e n m a d e . Si l e n c e c a n t b e a m o d e o f a cc e p t a n c e .

4. R e a d and U n d ers t a nd Pankaj told Radhika, ‘I offer you my car for Rs. 50000. If you don’t reply in 10 ten days time, I shall assume that you accept R ad h i k a the offer’. k e p t s i l e n t . Held, there is no contract

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