Who can accept an offer?
Asked by: Robin Romaguera | Last update: September 6, 2025Score: 5/5 (36 votes)
So, the only person with the legal power to accept an offer and create a contract is the original offeree. An attempt to accept by anyone other than the offeree is treated as an offer, because the party attempting to accept is indicating a present intent to contract on the original offer's terms.
Who is the person who accepts an 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. An offer is not valid until the offeree has accepted it.
Who can accept a specific offer?
Specific offer
Such offers can only be accepted by the particular person or company to whom the offer was made. A specific offer is made to a specific person and is binding to the person receiving the offer.
Who can accept a public offer?
What If the Offer Was an Offer to the General Public? An offer made to the general public can be accepted by anyone who knows about the offer and fulfills its terms.
Who can accept the acceptance?
1] Acceptance can only be given to whom the offer was made
In the case of a specific proposal or offer, it can only be accepted by the person it was made to. No third person without the knowledge of the offeree can accept the offer.
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Who is the only person that can accept an offer?
As the masters of their offers, offerees have the right to determine who can bind them in a contract. So, the only person with the legal power to accept an offer and create a contract is the original offeree.
What are the legal rules for acceptance?
As per the Indian Contract Act 1872, Section 2 (b), acceptance is defined as “When the person to whom the proposal has been made signifies his assent thereto, the offer is said to be accepted. Thus the proposal when accepted becomes a promise.”
Can a seller accept an offer?
Verbal contracts are not binding. At the point, when the contract is Executed, the rules change, but until that offer is signed (with any changes initialed), by both the Buyer and the Seller, the Seller is free to accept any offer they wish.
What are the three requirements of an acceptance?
Unconditional Agreement: Acceptance must mirror the offer exactly, without any changes. Communication: Must be effectively communicated to the offeror, either orally, in writing, or through action. Intent: Parties must genuinely intend to accept and be bound by the offer.
What is the person accepting the offer called?
The offeror is the party who makes the offer. The offeree is the person who either accepts or does not accept the offer.
Can silence amount to acceptance?
Whilst the general rule is that an offer is not accepted by mere silence on the part of the offeree1, there may be additional circumstances which, taken together with the offeree's silence, constitute an acceptance2.
How can an offer be accepted?
If a person agrees to all the conditions of an offer made to him without placing any counter-condition, the communication of such assent to the offerer is called an acceptance, provided it's done with the intention of accepting the offer. Sometimes, the conduct of the offeree may constitute expression of acceptance.
Who can reject an offer?
B. An offeree can always reject an offer after validly accepting it, as the acceptance was never final and can be revoked at any time without consequences. C.
What are the three types of acceptance?
- Express.
- Conditional.
- Implied.
Who accepts the offer on a house?
The seller accepts your offer:
This explains why you'll occasionally see properties listed as “under contract.” It means the seller has accepted an offer and there's a good chance the deal will go through, but because the sale is not yet final, the property is technically not off the table.
What are the rules regarding communication of offer and acceptance?
The offer can be dispatched through any common means such as post, email, telephone or through word of mouth. Acceptance must be communicated to the offeror through written or oral means as silence will not be considered a valid form of approval. The communication of acceptance of an offer should be absolute.
What are the 3 A's of acceptance?
The 3 A's of #ACCEPTANCE Acknowledge, Allow, Accommodate...and tea and biscuits! 😄 Illustrated for Russ Harris's wonderful www. thehappinesstrap.com course. LOVE your cartoon!
What are the 2 types of acceptance criteria?
There are two distinctive approaches to writing acceptance criteria: scenario-based and rule-based. Each one takes a slightly different focus and has its own set of appropriate use cases. However, both can play a key role in defining user requirements and design goals.
What are the legal requirements of an offer?
An offer must be stated and delivered in a way that would lead a reasonable person to expect a binding contract to arise from its acceptance . An offer gives the offeree the ability to accept and form an enforceable contract. When a valid offer is made, an acceptance by the offeree creates a binding contract.
What happens if the seller doesn't accept an offer?
If a seller rejects your original home purchase offer, determine if you've truly put your best bid forward. There are really two choices left after having a home offer rejected. You can make another offer, potentially getting into a bidding war with other potential buyers, or you can decide to walk away.
How long do sellers usually take to accept an offer?
For the most part, 24 to 48 hours seems to be the standard observed by most sellers and their agents, but there are some exceptions. In today's market, multiple offers are quite common, and in these situations, response times can increase.
Can a seller counter your offer?
When a seller gets an offer, they can choose to accept, reject or counter. In return, if the seller makes a counter, a buyer can also choose to accept, reject or counter it. Home sellers and buyers alike use this tactic to negotiate the best price and terms possible.
What is the law for offer acceptance?
An offer is a promise by one party to enter into a contract on certain terms. It must be specific, complete, capable of acceptance and made with the intention of being bound by acceptance.
What is the mirror rule?
In contract law , the “mirror image rule” is a doctrine stipulating that any acceptance of an offer is deemed to be an unconditional assent to the terms of the offer exactly as it is, without any changes or modifications .
What is the law of acceptance?
The law of 'acceptance' is a conscious choice to drop all forms of resistance and make the most of the present moment. Acceptance isn't about liking or approving of something. It is about letting life flow and unfold without getting in the way.