week 3

Question 1

to reach an agreement, we require

Answer 1

making an offer, acceptance of the offer (while its still open), notification of acceptance.

Question 2

acceptance definition

Answer 2

an unqualified sent to the terms of an offer that is still open

Question 3

what is acceptance in bilateral contracts?

Answer 3

the making of a promise to the offeror

Question 4

what is acceptance in unilateral contracts?

Answer 4

performing the acts specified in the offer

Question 5

When is acceptance effective

Answer 5

At the time and place, and when and where it is received

Question 6

Postal Acceptance Rule

Answer 6

acceptance is effective when the acceptance is sent in the post, whether or not the offeror receives it

Question 7

Can silence be acceptance

Answer 7

Silence cannot be accepted, however, if a reasonable person determines the conduct surrounding the silence can be viewed as acceptance, then it can be. (Brambles.)