acceptance

From: A Dictionary of Law | Date: 2002| Author: ELIZABETH A. MARTIN | Copyright information

acceptance n. Agreement to the terms of an offerthat, provided certain other requirements are fulfilled, converts the offer into a legally binding contract. If the method by which acceptance is to be signified is indicated by the offeror, that method alone will be effective. If it is not, acceptance may be either express (by word of mouth or in writing) or inferred from the offeree's conduct; for example, if he receives goods on approval and s...

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