ACCEPTANCE

Presented by Binish EB S2 smbs

Definition
 Section 2(b) of the contact act defines Acceptance as; When the person to the proposal is made signifies his assent thereto, the proposal is said to be accepted. A proposal when accepted become a promise .  Acceptance can be made only by words spoken or written.

ESENTIALS OF A VALID ACCEPTANCE sec.7

 Acceptance must be absolute and unqualified  Acceptance must be communicated to the offeror  Acceptance must be made within a reasonable time  Acceptance must be communicated in some usual reasonable manner  Acceptance must be expressed or implied

 Acceptance must be made by the offeree  Acceptor must be aware of the proposal at the time of the offer  Acceptance must be made only after the offer is made  Acceptance must be given before the offer lapses or revoked  Acceptance concludes the contract

COMMUNICATION OF ACCEPTANCE
 Communication of acceptance is necessary for forming a contract. It can be effected by act or commission.  Act includes conduct or by words, written or oral, letter, telegram, telephone etc  Commission includes conduct or forbearance on the part of one person which has the effect of communication.

Completion of offer
 The communication of offer is complete as soon as it comes to the knowledge of the offeree.  A proposes by letter to sell his house to B for Rs.2 lakhs. The communication or the proposal is complete when B receives the letter.

Completion of acceptance
 Against the proposer when it is put in a course of transmission to him as to be out of the power of the acceptor  Against the acceptor when it comes to the knowledge of the proposer.

REVOCATION OFFER OR PROPASAL

 A proposal can be revoked at any time before the communication of its acceptance is complete as against the proposer but not after words( sec 5).

REVOCATION OF ACCEPTANCE
 According to sec 5 an acceptance of proposal may be revoked at any any time before the communication of acceptance is complete as against the accepter but not after words.

Thank you