ACCEPTANCE

Question 1

Whta is acceptance?

Answer 1

Acceptance is the final and unqualified expression of assent to the terms of an offer

Question 2

What are invalid types of acceptance?

Answer 2

1) Counter offer
2)Condition of acceptance
3)Cross offer
4)Acceptance in Ignorance of offer.

Question 3

What are Valid types of acceptance?

Answer 3

1)It must be plain
2)It must be unequivocal
3)it must be unconditional
4)It must be communicated to the offeror without unreasonable delay

Question 4

What is Communication of Acceptance?

Answer 4

An acceptance maybe by words of mouth or by mere conduct, that is expressly or impliedly. Acceptance must be communicated to the offeror

Question 5

Notes:

Answer 5

-When the method is prescribed and the offeree uses another method then it is void.
-When there is no method stated, the form that will be used will depend on the nature of the offer.
-Where acceptance is sent by post, it would take effect the moment the letter is sent.

Question 6

What are methods of acceptance?

Answer 6

-Not prescribed
-Acceptance by post
-Revocation of acceptance