ACCEPTANCE Flashcards

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1
Q

Whta is acceptance?

A

Acceptance is the final and unqualified expression of assent to the terms of an offer

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2
Q

What are invalid types of acceptance?

A

1) Counter offer
2)Condition of acceptance
3)Cross offer
4)Acceptance in Ignorance of offer.

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3
Q

What are Valid types of acceptance?

A

1)It must be plain
2)It must be unequivocal
3)it must be unconditional
4)It must be communicated to the offeror without unreasonable delay

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4
Q

What is Communication of Acceptance?

A

An acceptance maybe by words of mouth or by mere conduct, that is expressly or impliedly. Acceptance must be communicated to the offeror

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5
Q

Notes:

A

-When the method is prescribed and the offeree uses another method then it is void.
-When there is no method stated, the form that will be used will depend on the nature of the offer.
-Where acceptance is sent by post, it would take effect the moment the letter is sent.

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6
Q

What are methods of acceptance?

A

-Not prescribed
-Acceptance by post
-Revocation of acceptance

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