week 3 Flashcards

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1
Q

to reach an agreement, we require

A

making an offer, acceptance of the offer (while its still open), notification of acceptance.

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2
Q

acceptance definition

A

an unqualified sent to the terms of an offer that is still open

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3
Q

what is acceptance in bilateral contracts?

A

the making of a promise to the offeror

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4
Q

what is acceptance in unilateral contracts?

A

performing the acts specified in the offer

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5
Q

When is acceptance effective

A

At the time and place, and when and where it is received

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6
Q

Postal Acceptance Rule

A

acceptance is effective when the acceptance is sent in the post, whether or not the offeror receives it

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7
Q

Can silence be acceptance

A

Silence cannot be accepted, however, if a reasonable person determines the conduct surrounding the silence can be viewed as acceptance, then it can be. (Brambles.)

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