Scribd Logo
Upload

Welcome to Scribd!

  • 133 views

    BSA 2204 - P1 D

    Uploaded by

    Diola Quiling
    Acceptance is the manifestation of assent to the terms of an offer, which is necessary for a valid contract. There are three forms of acceptance: conditional, express, and implied. Conditional acceptance introduces new terms or conditions, operating as a counteroffer. Express acceptance clearly agrees to the offer terms verbally or in writing. Implied acceptance does not directly state assent but is demonstrated through actions, like paying for an item selected in a store.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    BSA 2204 - P1 D

    Uploaded by

    Diola Quiling
    133 views1 page
    Acceptance is the manifestation of assent to the terms of an offer, which is necessary for a valid contract. There are three forms of acceptance: conditional, express, and implied. Conditional acceptance introduces new terms or conditions, operating as a counteroffer. Express acceptance clearly agrees to the offer terms verbally or in writing. Implied acceptance does not directly state assent but is demonstrated through actions, like paying for an item selected in a store.

    Original Title

    BSA 2204 - P1 d

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Acceptance is the manifestation of assent to the terms of an offer, which is necessary for a valid contract. There are three forms of acceptance: conditional, express, and implied. Conditional acceptance introduces new terms or conditions, operating as a counteroffer. Express acceptance clearly agrees to the offer terms verbally or in writing. Implied acceptance does not directly state assent but is demonstrated through actions, like paying for an item selected in a store.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    133 views1 page

    BSA 2204 - P1 D

    Uploaded by

    Diola Quiling
    Acceptance is the manifestation of assent to the terms of an offer, which is necessary for a valid contract. There are three forms of acceptance: conditional, express, and implied. Conditional acceptance introduces new terms or conditions, operating as a counteroffer. Express acceptance clearly agrees to the offer terms verbally or in writing. Implied acceptance does not directly state assent but is demonstrated through actions, like paying for an item selected in a store.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 1

    August 14, 2020

    1. Define Acceptance.
    Acceptance is the manifestation by the offeree of his assent to all the terms of the
    offer. Without acceptance, there can be no meeting of the minds between the
    parties. (Article 1305).
    2. Give 3 forms of acceptance. Briefly explain each.

    An acceptance may be conditional, express, or implied.

    Conditional Acceptance - A conditional acceptance, sometimes called a qualified


    acceptance, occurs when a person to whom an offer has been made tells the offeror
    that he or she is willing to agree to the offer provided that some changes are made
    in its terms or that some condition or event occurs. This type of acceptance operates
    as a counteroffer. A counteroffer must be accepted by the original offeror before a
    contract can be established between the parties.

    Another type of conditional acceptance occurs when a drawee promises to pay a


    draft upon the fulfillment of a condition, such as a shipment of goods reaching its
    destination on the date specified in the contract.

    Express Acceptance - An express acceptance occurs when a person clearly and


    explicitly agrees to an offer or agrees to pay a draft that is presented for payment.
    Examples of expressly accepting a contract include your signature, orally agreeing
    to the offer, shaking hands, or even exchanging business cards with the offer and
    accepted terms. Express acceptance is the most obvious and leaves no room for
    doubt that the offer was accepted.

    Implied Acceptance - An implied acceptance is one that is not directly stated but is
    demonstrated by any acts indicating a person's assent to the proposed bargain. An
    implied acceptance occurs when a shopper selects an item in a supermarket and
    pays the cashier for it. The shopper's conduct indicates that he or she has agreed to
    the supermarket owner's offer to sell the item for the price stated on it.

    Sources:

    https://law.freeadvice.com/general_practice/contract_law/kind_acceptance.

    https://legal-dictionary.thefreedictionary.com/Types+of+Acceptance

    You might also like