Accountancy, asked by NakulMangal1329, 7 months ago

1. (a) Explain with example communication of offer and communication of acceptance--- 20 marks

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Answered by nasimaakhtarratua

Answer:

COMMUNICATION OF OFFER

COMMUNICATION WHEN COMPLETE COMMUNICATION OF OFFER (SECTION 4) :  The communication of an offer is complete when it comes to the knowledge of the person to whom the offer is made.  In other words, when the offeree comes to know about the offer, the communication is said to be completed.

COMMUNICATION OF ACCEPTANCE

Communication of Acceptance in Contract Law. Communication of acceptance, in contract law, is one of the two main details of a binding agreement, an offer and an acceptance of the offer. To simplify the definition of a contract, it can be called an agreement that legally binds two or more parties.

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