ABSTRACT

TOPIC: ACCEPTANCE

SUBJECT: CONTRACTS

INTRODUCTION: Acceptance may be defined as an unconditional assent, communicated by

the offeree to the offeror, to all terms of the offer, made with the intention of accepting.

Whether an acceptance has in fact occurred is ascertained objectively from the behaviour of the
parties, including any correspondence that has passed between them.

An agreement must be reached fairly and without pressure this is known as expressions of
reasonable certainty. Offers must also be accepted unconditionally.

If the offeree proposes a counter offer, this makes the original offer irrelevant. Think about eBay
again youre able to list an item with a fixed price (an offer) but can also sell it for a best offer
(the offeree making a counter offer).

If the seller accepts a counter offer, this is a valid offer and acceptance.

It may seem obvious, but acceptance must be communicated. When the offeror receives the
communication (it may not be instant and could be via post or email), the contract becomes
effective.

Alternatively, the offeror may demand a particular method of communication of acceptance. So

what about your lecturers bus ticket analogy? You rarely say that you kindly accept the offer of
a bus journey.

Submitted By,
Ramavath Radha Krishna
Reg no: 2016078

Section:B, 2ND semester