What are the rules of contract law?
- The contract should be valid. The aggrieved party must prove that the contract in question is legal and meets all the requirements of an enforceable contract.
- The aggrieved party lived up to his end of the deal. ...
- The contract was breached. ...
- The offending party was informed of the breach. ...
How to do a conditional acceptance?
What reasons might a college give you conditional acceptance?
- Final grades. If you're a student still early in your last year of high school, a university may accept you under the condition that you maintain good grades and provide ...
- English proficiency. ...
- Missing documents. ...
What is conditional acceptance?
Conditional admission, also called "provisional admission" or "conditional acceptance," means that you will be admitted to a college or university on the condition that you make up for a certain requirement you do not presently meet.
What is acceptance in contract law?
- Moment of acceptance
- Where method of acceptance is prescribed
- Where method of acceptance is not prescribed.
- Acceptance by post
- Exception to the rule of acceptance by post.
- Revocation of acceptance.
Are conditional acceptance binding?
The acceptance has to be communicated by conduct or words. The acceptance is communicated when provided in a certain manner. Acceptance cannot be conditional. The mental acceptance or acceptance that is uncommunicated cannot produce the contract.
What are the conditions of acceptance in law?
The Indian Contract Act 1872 defines acceptance in Section 2 (b) 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.”
What is conditional acceptance what is its effect?
Conditional Acceptance A conditional acceptance, sometimes called a qualified acceptance, occurs when a person to whom an offer has been made tells the offeror that he or she is willing to agree to the offer provided that some changes are made in its terms or that some condition or event occurs.
Is conditional acceptance a counter offer?
A conditional or qualified acceptance is an acceptance that adds to, or changes, the terms of the original offer. This is essentially a counteroffer. A conditional or qualified acceptance generally terminates the offeree's power of acceptance.
What is contract acceptance?
What is acceptance? In the law of contracts, acceptance refers to the promise or act of a buyer who indicates his willingness to be bound by the terms and conditions stipulated in a seller's offer. Acceptance is a necessary element of a legally binding contract. If there is no acceptance, there is no deal.
What is the general rule of acceptance in contract law?
Therefore, the general rule applies in internet/online contracting by stating the order/acknowledgment of the order 'will be deemed to be received when the parties to whom they are addressed are able to access them'. Therefore, acceptance must be communicated.
Is conditional acceptance good?
So is conditional admission a good thing or a bad thing? The reality is, it depends on how you choose to look at it. On the one hand, conditional admission proves that you're 100 percent academically qualified for a school you want to attend.
What does a conditional admission mean?
Conditional acceptance letters tell you that a college has decided to accept you under certain conditions, usually meaning that you must take further action to qualify for enrollment.
What's the difference between a conditional and unconditional offer?
A conditional offer means you still need to meet the requirements – usually exam results. An unconditional offer means you've got a place, although there might still be a few things to arrange. An unsuccessful or withdrawn choice removes that option, but you could add more.
Can a conditional offer be accepted?
A conditional offer is therefore a provisional one only. You are required to fulfil all conditions in the offer letter before the offer can be updated to an "unconditional" one, and before you can formally accept the offer.
Is a conditional offer valid?
A conditional offer could be in a place where the sale of the home is contingent on the buyer getting bank approval for a mortgage. If the financing falls through, it nullifies the conditional offer.
Can an offer be withdrawn after acceptance?
An employer can withdraw an offer of employment at any time until it is accepted. However, once the applicant has accepted an unconditional job offer, there is a legally-binding Contract of Employment between the employer and the applicant.
What are the elements of acceptance?
Essentials of a Valid AcceptanceAcceptance must be given by the party to whom the offer was made. ... The acceptance must be communicated with the offeree. ... Acceptance must be absolute and unconditional. ... Acceptance must be in the prescribed mode and prescribed time.
What are the modes of acceptance?
• ConsiderationAcceptance should be properly conveyed and should be accepted by the person to whom the offer is made.Acceptance can be expressed and implied.Acceptance must be absolute and unqualified.Acceptance must be in the most prescribed mode.Silence cannot be a mode of acceptance.More items...•
How many types of acceptance are there?
There are two types of bill acceptances: general acceptance and qualified acceptance. When widespread acceptance is unqualified and unconditional, it is referred to as absolute acceptance.
What are the requirements of an effective acceptance?
What are the requirements of an effective acceptance? An effective acceptance must be made by the person or persons to whom the offer was made, match the terms in the offer, and be communicated to the offeror.
What is conditional acceptance?
Conditional Acceptance A conditional acceptance, sometimes called a qualified acceptance, occurs when a person to whom an offer has been made tells the offeror that he or she is willing to agree to the offer provided that some changes are made in its terms or that some condition or event occurs.
What is acceptance of an offer?
Acceptance. An express act or implication by conduct that manifests assent to the terms of an offer in a manner invited or required by the offer so that a binding contract is formed. The exercise of power conferred by an offer by performance of some act. The act of a person to whom something is offered or tendered by another, ...
What is the Sale of Goods Act?
The Sale of Goods Act sets down various ways in which acceptance can take place or be deemed to take place. The buyer is deemed to have accepted the goods: (i) when he intimates to the seller that he has accepted them so long as there has been a reasonable opportunity to examine the goods; or.
What does "acceptance" mean in a bill?
1 (of a BILL OF EXCHANGE) the acknowledgment by the person on whom the bill is drawn (the drawee) that he will accept the order of the person who drew it (the drawer). An acceptance must be written on the bill and be signed by the drawee. An acceptance is either general or qualified. In the case of a general acceptance, ...
What is the meaning of "accepted" in a contract?
1) receiving something from another with the intent to keep it, and showing that this was based on a previous agreement. 2) agreeing verbally or in writing to the terms of a contract, which is one of the requirements to show there was a contract (an offer and an acceptance of that offer). A written offer can be accepted only in writing.
What does acceptance mean in insurance?
Acceptance occurs in the law of insurance when an insurer agrees to receive a person's application for insurance and to issue a policy protecting the person against certain risks, such as fire or theft. When a person who is offered a gift by someone keeps the gift, this indicates his or her acceptance of it.
What is express acceptance?
Express Acceptance An express acceptance occurs when a person clearly and explicitly agrees to an offer or agrees to pay a draft that is presented for payment. Implied Acceptance An implied acceptance is one that is not directly stated but is demonstrated by any acts indicating a person's assent to the proposed bargain.
Cross Offers – Conditional acceptance in Law
Cross offers occur when two offers, identical in terms, are sent by two parties to each other, by post or by any other means, and the offers “cross” in the post or en-route. This is easily illustrated hypothetically.
Acceptance in ignorance
Can an offer be accepted by someone who was unaware of it? The answer to this question may sound rather trite particularly in the light of judicial opinion about Cross Offers. Although the answer to it should be a straight “no”, the position was not clear for a long time. The problem arises mainly from the “reward” cases.
