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Learn Financial Freedom Step by Step
When a person gives his offer to do or not to do anything It is his proposal to other person. If other person accepts his proposal, it will be the acceptance of other person. As per section 2 (b) of Indian contract act, " We say promise to accepted offer." For example, when a company issues his shares to shareholder, it is the acceptance of shareholder's offer.
Without acceptance, an agreement can not become a valid contract.
Essentials of a Valid Acceptance
1. Acceptance must be Absolute and Unconditional :
In psychology, we also say it as surrender. So, acceptance must be absolute and unconditional. If a person (who wants to accept the offer) want to accept on basis of his conditions, then this will not valid acceptance because it will create counter offer. Acceptance should be of all conditions of offer.
2. Acceptance must be Communicated to the Offeror
If a person who gives the acceptance will be silent, then no contract will exist. So, acceptance should be given through written, oral or other media of communication to the offeror.
3. Acceptance must be Made within a Reasonable Time
Acceptance must be made to offeror before the closing day of offer. If offeror revocate his offer before acceptance, then no contact will exist.
4. Acceptance may be express or implied
Like offer, acceptance may be express or implied. When a person gives his acceptance through his tongue or through writing, it will be the acceptance through expression. If a person who gives his acceptance through his conduct or behaviour, it will be his implied acceptance. For example, when you go to a shop and take one packet of biscuit and eat it, it means, you have accepted to pay its price by your conduct.
5. Acceptance must be communicated in proper manner
If offeror did not decide the way of communication of acceptance, then it should be given through proper manner.
6. An offer can be accepted by the person to whom it is made
A person to whom offer is not made can not give acceptance. Acceptance must be give by a person to whom offer is made.
7. The Acceptor must be aware of the proposal at the time of acceptance
If any acceptor may behave with the offeror like he accepts his offeror without the awareness of the proposal, then it will not make a valid contract.
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- 11th Class Maths
- 11th Class Physics
- 5th Class Maths
- 6th Class Science
- Abhiraj Singh
- Accountant
- Accounting
- Accounting Concepts
- Accounting Course
- Accounting Education
- accounting equation
- Accounting Formats
- Accounting Scandals
- Accounting Solutions
- Accounting Videos in English
- Accounting Videos in Hindi
- Administration Skills
- agriculture
- Air
- Algebra
- Amazon
- Answer the Questions and Become Master
- App
- Applied sciences
- Aptitude
- Artificial Intelligence
- Ashok Kumar
- B.Com Maths
- Balance Sheet
- bank
- Banking
- Banking Dictionary
- Become Rich in India
- bengali
- Best Teachers Rewards
- BHIM
- Biology
- Black Money
- Bodybuilding Education
- Bond
- Budget
- Business
- Business Dictionary
- Business Education
- Business Environment
- Business Mathematics
- Business Skills
- Business Solutions
- C++
- CA
- Calculus
- cameras
- Canara Bank
- Canva
- capital
- car
- Car Driving Course
- Care of pet
- Career Solutions
- carpentry
- cartoon
- Cattle Domestication Skill
- Cattle Domestication Skill
- CDSL
- Charity
- chemistry
- circle
- Class 1 English
- class 1 Maths
- Class 10 Maths
- Class 2 Maths
- Class 5 Maths
- Class 6 Maths
- Class 7 Maths
- Class 8 Maths
- Class 9 Maths
- Commerce
- commodity market
- Communication
- Computer
- Computer Basics
- Computer Data Storage
- Computer Dictionary
- Computer Hardware
- Computer Networking
- computer science
- Computer Software
- Computer Solutions
- Construction Skills
- cooking education
- Cooking Skills by Ashwani
- Corporate Accounting
- Corporate Law
- corporate Scandals
- cost
- cost accounting
- Credit Card
- CSE
- css
- Currency
- Current Affairs
- curtain
- Dailymotion
- Debit Card
- DEMAT Account
- depreciation
- determinant
- Domain Name System
- Dr. Mathura Das
- Dr. MD Swatanter
- drawing
- Dreams
- Driving Education
- e-accounting
- Earn from eBooks
- Earn Money
- Earning
- eBooks
- Economics Education
- Education
- Education Solutions
- Electric Cycle
- Electric Scooter
- Electrical engineering
- Electrical Skills
- Electrical Skills by Ashwani Kumar
- Electronics
- Energy (physics)
- Engineering
- English
- Examination
- Failure
- Finance
- Finance Education
- Finance Solutions
- financial
- Financial Accounting
- Financial Service Providers
- FIR
- Focus on Study
- Football
- Forex
- Forex Trading Skills
- Free Maths Tools
- Fundraiser
- Gambling
- Gambling Addiction
- Gardening Skills
- Gas
- Gaupalan
- Geometry
- gold
- Goldsmith
- Google Admin
- Google AdMob
- Google Adsense
- Google Blogger
- Google Meet
- Google Pay
- Google play Console
- Google Play Store
- Gravity
- GST
- Guest Writers
- Gurpreet Singh
- Habits
- HDFC
- HDFC Bank
- Health Education
- Heat
- Help
- Hindi Language
- History
- Home Building
- Home Maintenance amp; Repair
- Home Remedies Course
- HR Management
- HTML
- Income Tax
- Index Number
- India
- India Post Payments Bank
- Indian Festivals
- Indian Language
- Influencer marketing
- Infolinks
- Inspiration
- inspire
- insurance
- intelligence
- Interest
- internal audit
- International Finance
- Internet
- Internet Forum
- Investment
- Irrigation
- Javascript
- Jobs amp; Careers
- Journal
- journal entries
- journal entry
- Kenya
- Knot Skills
- Krantikari(Company)
- Laptop Basics
- Law Education
- Law Solutions
- Learning
- Lecture
- Legal Document
- Legal Education
- Letter Formats
- LIC
- Light
- Limit
- Linear algebra
- Linear Programming
- Loan
- magnet
- Malaysia
- Management Accounting
- Management Education
- Management Solutions
- Manish Khurana
- Marketing Education
- Mathematics Education
- Maths
- Maths by Ashwani Kumar
- matrices
- MCAT
- Mechanical Skills
- Medical and Surgery Education
- Memories
- Mobile
- Mobile Software
- motivation
- Motorcycle Mechanic Skills
- MS Excel
- Music Skills
- Mutual Funds
- Nepal
- Nepali Language
- Net Banking
- Network addressing
- Nigeria
- Nishant Arya
- Om Parkash
- Online
- Online Teachers Support
- organisation
- Other
- Pakistan
- Payment Service Providers
- Payoneer
- paypal
- paytm
- PayU
- PERSONAL DEVELOPMENT
- Personal Finance
- Philippines
- Photography
- Photoshop Software
- PHP
- physics
- Picture
- Plumbing Education
- PNB
- Political Science
- Polynomial
- positive thinking
- Post Office
- Probability
- Prof. Ashwani Kumar
- Profiles
- Profit
- Programming Language
- Property Dealing Skills by Surinder Singh
- provision
- Publishing
- Punjabi Language
- Quiz
- Railway Exam
- Railway Technical Exam
- Rajesh Kumar
- RBI
- real estate
- Reasoning
- rectification
- rectification of errors
- Relationships amp; Family
- Religious Studies
- Result
- Sahas
- Sales Tips
- Sanskrit
- Saudi Arabia
- Saving
- SBI
- School Accounting
- science
- Science Education
- Science Quize
- Science Tests
- Secrets of Failure
- Security
- Self Identity
- Self-Learning
- Share Market
- Share Market Dictionary
- Shiv Kumar Shabdra
- Silversmith
- Singing Skills
- Singing Skills by Surinder Singh
- Skating
- Slideshow
- Social Media
- social science
- Solution
- Sound
- Space Science
- Special Days
- Spiritual Education
- Sports
- Start Own Business
- Statistics
- Statistics Education
- stock
- Stock Market
- Stories
- Story
- Students
- Success
- Surinder Singh
- svtuition
- Tablet Education
- Tailoring Skills
- Tally
- Tally Solutions
- Tally.ERP 9
- TallyPrime
- Tara Chand
- tax
- Tax Solutions
- teaching
- Teaching by Chanakya
- Teaching Education
- Teaching Skills
- Teaching Stories
- Tech by Ashwani
- Tech Simplify
- technical education
- Telecommunication
- Test
- Testimonials
- Time Management
- Time series
- Travel
- Trigonometry
- tuition
- TV Shows
- UK
- USA
- variance analysis
- VAT
- vector
- Video
- Video Creation Skills
- Video Editing
- Video on Demand
- VideoPad Video Editor
- videos
- Vocational Education
- Volume
- Water
- Wealth
- Weather
- Web design
- Web Hosting
- Web Software
- website
- Website earning
- Welding Skills
- Wife
- Wifi
- Window Movie Maker
- Wordpress
- working capital
- Writing
- written Communication
- Yono App
- Yono Cash
- You can Become Rich Also
- Youth
- youtube
- YouTube Studio skills
- YouTube Tutorials
- zigopay
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