How is an offer accepted? Describe the rules for the manner of acceptance

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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How is an offer accepted? Describe the rules for the manner of acceptance and its communi

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In basic words, acceptance is an articulation by the offeree of his eagerness to be limited by the particulars of the offer. As per Section 2(b) of the Indian Contract Act, 1872, When the individual to whom the proposition is made connotes his consent thereto, the proposition is help to be acknowledged. A proposition when acknowledged turns into a guarantee. It can likewise be said that an acceptance is the agree given to an offer. An offer can be acknowledged exclusively by the individual or people to whom it is made. 

On the off chance that where the offer is made to a specific individual (explicit offer), it must be acknowledged by that individual and nobody else. An offer may either be express or suggested. The acceptance when given by words, spoken or composed is known as an express acceptance. What's more, where it is portrayed by direct it is inferred acceptance. 

 

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