Acceptance

Question 1

What is an acceptance

Answer 1

An acceptance is a manifestation of assent to the terms of an offer made in a manner invited by the offer.

Question 2

When is it effective

Answer 2

Upon dispatch.

Question 3

Mailbox rule - Acceptance

Answer 3

Acceptance It is not valid if

1. The offeree-sender uses the wrong address or has improper postage;
2. the offeror expressly stipulates otherwise.
3. an option contract is involved

4 the offeree-sender sends a termination letter before the acceptance letter ; OR

5. the offeror detrimentally relies on a termination before he receives the acceptance letter .

Question 4

What is a rejection

Answer 4

An rejection is a manifestation of intent to not accept the offer in a manner invited by the offer.

Question 5

When is rejection effective

Answer 5

When received by the offeror.

Note- if rejection is sent and then an acceptance is sent, whichever the recipient receives first is effective.