How must an acceptance of an offer be communicated?

Principle: Acceptance (of offer) must be communicated by the offeree to the offerer so as to given rise to a binding obligation. The expression 'by the offeree to the offerer' includes communication between their authorised agents. Facts 'X' made an offer to buy Y's property for a stipulated price.

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Business Offer Form Specifying Manner of Communicating Acceptance

Alameda California Business Offer Form Specifying Manner of Communicating Acceptance

Name: Alameda California Business Offer Form Specifying Manner of Communicating Acceptance
Brand: US Legal Forms
Rating: 4.55 (420 reviews)

Category:

Letters - Nonlegal - Business

State:

Multi-State

County:

Alameda

Control #:

US-01214BG

Format:

Instant download

Description

The elements of a contract are: an agreement; between competent parties; based upon the genuine assent of the parties; supported by consideration; made for a lawful objective; and in the form required by law. A contract is based upon an agreement. An agreement arises when one person, the offeror, makes an offer and the person to whom is made, the offeree, accepts. There must be both an offer and an acceptance. If either is not present, there is no contract.

This form is an offer which specifies how acceptance of the offer should be communicated.

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How to fill out Alameda California Business Offer Form Specifying Manner Of Communicating Acceptance?

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To be effective, acceptance must be communicated unequivocally to the offeror. Provided the requirements of consideration, intention to create legal relations, and certainty are also present, the contract is binding at common law at the time the offeror receives the acceptance.

Principle: Acceptance (of offer) must be communicated by the offeree to the offerer so as to given rise to a binding obligation. The expression 'by the offeree to the offerer' includes communication between their authorised agents. Facts 'X' made an offer to buy Y's property for a stipulated price.

The rules of contracts by post (postal rules) include the following: An offer made by post/letter is not effective until received by the offeree. Acceptance is effective as soon as it is posted. For revocation to be effective, it must be received by the offeree before they post their letter of acceptance.

Rules Regarding Acceptance The acceptance needs to be absolute and has to correspond with the terms of an offer. The acceptance has to be communicated by conduct or words. The acceptance is communicated when provided in a certain manner. Acceptance cannot be conditional.

The Indian Contract Act lays out the rules of revocation of an offer in Section 5. It says the offer may be revoked anytime before the communication of the acceptance is complete against the proposer/offeror. Once the acceptance is communicated to the proposer, revocation of the offer is now not possible.

Communication of Offer Acceptance and Revocation The offer can be dispatched through any common means such as post, email, telephone or through word of mouth. Acceptance must be communicated to the offeror through written or oral means as silence will not be considered a valid form of approval.

An offer may be communicated to the offeree or offerees by word of mouth, by writing or by conduct. A Written offer may be contained in a letter or a telegram. A circular or advertisement or a notice may be written in such a language that it amounts to an offer.

There are several rules regarding the acceptance of an offer to enter into a contract: The acceptance must be communicated.The offer must be accepted without modifications, otherwise it is a counter-offer. Until an offer is accepted it may be revoked.Only the person to whom the offer is made can accept.

Rules regarding Valid Acceptance 1 Acceptance can only be given to whom the offer was made.2 It has to be absolute and unqualified.3 Acceptance must be communicated.4 It must be in the prescribed mode.5 Implied Acceptance.

Acceptance must be communicated to the offeror through written or oral means as silence will not be considered a valid form of approval. The communication of acceptance of an offer should be absolute. The offer will be considered accepted, once the promisee dispatches their acceptance.

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Alameda California Business Offer Form Specifying Manner of Communicating Acceptance

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