What are the requirements for a valid acceptance?

Acceptance must be clear and unambiguous (not have two possible meanings). The offeree's (seller's) acceptance must be communicated to the offeror (purchaser) to conclude a valid contract.

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Firm Offer for Sales Agreement with Specification of Manner of...

Kansas Firm Offer for Sales Agreement with Specification of Manner of Acceptance

Q: What are the two rules of acceptance?

2 Rules regarding Valid Acceptance. 2.1 1 Acceptance can only be given to whom the offer was made. 2.2 2 It has to be absolute and unqualified. 2.3 3 Acceptance must be communicated. 2.4 4 It must be in the prescribed mode.

Category:

Contracts - Sale of Goods

State:

Multi-State

Control #:

US-02325BG

Format:

Instant download

Description

The Uniform Commercial Code (UCC) has been adopted in whole or in part by the legislatures of all 50 states. In most instances, the UCC treats all buyers and sellers alike. In some cases, it treats merchants differently than it does the occasional or casual buyer or seller. The UCC recognizes that the merchant is experienced and has a special knowledge of the relevant commercial practices.

Contract law as to offers is applicable to a sales contract, with the following exception. A firm offer by a merchant cannot be revoked if the offer:

" expresses an intention that it will not be revoked,

" is in a writing, and

" is signed by the merchant.

Unless it is expressly specified that an offer to buy or sell goods must be accepted just as made, the offeree may accept an offer and at the same time propose an additional term. This is contrary to general contract law.

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How to fill out Firm Offer For Sales Agreement With Specification Of Manner Of Acceptance?

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FAQ

Acceptance must be clear and unambiguous (not have two possible meanings). The offeree's (seller's) acceptance must be communicated to the offeror (purchaser) to conclude a valid contract.

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.

In legal terminologies when someone agrees with an offer then they have to obey the terms made in the offer. ing to the Indian Contract Act, 1872, Section 2(b), acceptance is expressed as ?When the person to whom the proposal has been made signifies his assent thereto, the offer is said to be accepted.

To accept an offer, a person must clearly communicate acceptance of its terms and a willingness to be bound. A person cannot accept an offer that has been revoked. Acceptance can be made orally or in writing, unless the terms of the offer require a specific form of acceptance.

2 Rules regarding Valid Acceptance. 2.1 1] Acceptance can only be given to whom the offer was made. 2.2 2] It has to be absolute and unqualified. 2.3 3] Acceptance must be communicated. 2.4 4] It must be in the prescribed mode.

The meaning of offer and acceptance is the basis of a contract. To form a contract, there must be an offer made by one party which is, in turn, accepted by another party, and then, in most cases goods and/or services must be exchanged between the two.

Acceptance can be expressly stated in writing or verbally, or implied through action or conduct. In order for acceptance to be valid, certain conditions must be met. These are mutual assent, adequate consideration in a contract, capacity, and legality.

1. Acceptance must be unequivocal with no requests for changes in the offer. 2. It may only be accepted by the intended offeree or the offeree's agent.