Offer And Acceptance In Contract Law Australia
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FAQ
The general rule is that an agreement is concluded when and where communication of acceptance is received - in relation to instantaneous modes of communication acceptance is deemed to be received when it is given to the offeror (even if they do not read it).
The offer must be communicated to the other party and the other party must accept the offer. The person who makes an offer is called the ?offeror? and the person who accepts it is called the ?offeree.? The communication of an offer can be done verbally, in writing, electronically, or by any other means.
Offer and acceptance: An offer is a statement or action that indicates a willingness to agree. Acceptance is an agreement to the terms of an offer by the other party. An offer must be communicated to the person who is meant to accept it and may be made by words or conduct.
Say for example A offers to buy B's car for rupees two lacs and B accepts such an offer. Now, this has become a promise. When the proposal is accepted and it becomes a proposal it also becomes irrevocable. An offer does not create any legal obligations, but after the offer is accepted it becomes a promise.
Say for example A offers to buy B's car for rupees two lacs and B accepts such an offer. Now, this has become a promise. When the proposal is accepted and it becomes a proposal it also becomes irrevocable. An offer does not create any legal obligations, but after the offer is accepted it becomes a promise.