Acceptance Goods By Buyer
Description
How to fill out Notice Of Defects In Goods After Acceptance?
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FAQ
The term acceptance is a noun with various different meanings. When the person to whom a proposal is made signifies their assent, it is an "acceptance" of their offer, also called an agreement. For example, if someone gives a gift and another receives it, then they have accepted the gift; therefore, having acceptance.
1. : the quality or state of being accepted or acceptable. His theories have gained widespread acceptance. 2. : the act of accepting something or someone : the fact of being accepted : approval.
A buyer is deemed to have accepted the delivery of goods when: He informs the seller that he has accepted the goods; or. Does something to the goods which is inconsistent with the ownership of the seller; or. Retains the goods beyond a reasonable time, without informing the seller that he has rejected them.
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.
Under this Article ?acceptance? as applied to goods means that the buyer, pursuant to the contract, takes particular goods which have been appropriated to the contract as his own, whether or not he is obligated to do so, and whether he does so by words, action, or silence when it is time to speak.
