Acceptance

Question 1

What is acceptance?

Answer 1

An acceptance is a manifestation of a willingness to enter into the agreement by the offeree.
(usually must be communicated, silence generally does not manifest willingness unless there is a PAST HISTORY of silence serving as acceptance).

Question 2

How can one manifest assent (besides communication) to a bilateral contract?

Answer 2

For bilateral contracts, the start of performance manifest acceptance.

Question 3

How does performance affect unilateral contracts?

Answer 3

For unilateral contracts, the start of performance only makes the offer irrevocable– the offer is only accepted once performance is complete.

Question 4

Must acceptance be objective or is subjective hidden intent enough?

Answer 4

Acceptance is governed by an objective test, which means that outward appearances of words and actions are determinative– not hidden intentions.

Question 5

True or false: the offer must be specifically directed to the person trying to accept it?

Answer 5

True

Question 6

yes or no: For open to all contests and reward offers, must the person know about the contest or reward offer in order to accept it?

Answer 6

Yes