ACCEPTANCE

Question 1

Definition of Acceptance

Answer 1

Section 2(b) of the Contracts Act 1950 provides the definition of acceptance:

Acceptance occurs when an offeree agrees to be mutually bound to the terms of the contract by giving consideration, or something of value like money, to seal the deal.

“when the person to whom the proposal is made signifies/ communicate his assent/ approval
the proposal is said to be accepted; a proposal, when accepted it will become a promise.”

Question 2

2 CONDITIONS OF A VALID ACCEPTANCE

Answer 2

1. Acceptance Must Be ‘Absolute & Unqualified
   2.Acceptance Must Be Communicated In Some ‘Usual
   & Reasonable Manner’