Business Studies, asked by abhishek2011kushwaha, 8 months ago

explain the rules regarding offer and acceptance​

Answers

Answered by hirapanna0616
2

Answer:

Seven important legal rules regarding offer and  acceptance

Explanation:

1.Seven important legal rules regarding to a valid acceptance

2. Acceptance must be absolute and unqualified

3. Acceptance must be expressed in some usual and reasonable manner, unless the proposal prescribes the manner in which it is to be accepted:

4. Acceptance must be communicated by the acceptor:

5. Acceptance must be given within a reasonable time and before the offer lapses and or is revoked:

6. Acceptance must succeed the offer:

7.Rejected offers can be accepted only, if renewed:

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