what are the conditions of acceptance
Answers
Explanation:
Acceptance must be unconditional and absolute. There cannot be conditional acceptance, that would amount to a counteroffer which nullifies the original offer.
Answer:
Acceptance Condition means, with respect to an Offer, the condition set forth in the Offer Documents with respect to the number of acceptances to an Offer which must be secured to declare such Offer unconditional as to acceptances which shall be more than 50% of the Target shares carrying voting rights.
Explanation
Accordingly, what are the elements of acceptance?
Recognize the elements of contract acceptance: an offer, acceptance, consideration (money or services), Remember that acceptance can be written or through a purchase order. Recall the mailbox rule (email may be acceptable) Define the mirror image rule (no changes in the contract)
Subsequently, question is, what are some examples of acceptance? Acceptance means agreeing to receive something or the act of receiving it. An example of acceptance would be the taking of a bribe. The definition of acceptance means agreeing with or taking on a belief or beliefs. An example of acceptance would be agreeing with the theory of evolution.
Also know, what are the rules of acceptance?
The acceptance must be in the prescribed manner: It is the legal rule of the acceptance that it must be accepted in the prescribed manner. If the offer is not accepted in the prescribed manner, then the offeror may reject the acceptance within reasonable time.
How do you determine a valid acceptance?
Rules regarding Valid Acceptance
1] Acceptance can only be given to whom the offer was made.
2] It has to be absolute and unqualified.
3] Acceptance must be communicated.
4] It must be in the prescribed mode.
5] Implied Acceptance.