THEORIES OF ACCEPTANCE Flashcards
1
Q
THE DECLARATION THEORY
A
a contract is concluded when and where the offeree declares his acceptance.
2
Q
EXPEDITION THEORY
A
the contract is concluded when and where the acceptance is transmitted to the offeror.
3
Q
RECEPTION THEORY
A
the contract is concluded when and where the acceptance is received by the offeror
4
Q
INFORMATION THEORY
A
the contract is concluded when and where the offeror is informed of the acceptance.
