Acceptance Flashcards
1
Q
Start Performance
A
General Rule:
- Start performance is acceptance
- it is treated as an implied promise to perform and so there si a bilateral contract
Exception: Unilateral Contracts
- Completion of performance is required for acceptance.
2
Q
Acceptance
A
Requires assent to the terms of the offer communicated to the offeror
- a manifestation of assent to the terms made in the offer
UCC: Can be acquired by promise or performance.
3
Q
Conditional Acceptance
A
1) Common Law
- Reject, and counteroffer by accepted by conduct
2) UCC
- Rejection