BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Certain
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Uncertain
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Express
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Implied
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Detailed explanation-1: -The acceptance must be unconditional. An answer that is equivalent to “Yes, but” does not amount to an acceptance. At best it is a counteroffer and rejection. Once an offer is rejected it is dead and it cannot be accepted unless it is revived by the offering party.
Detailed explanation-2: -Acceptance must be unconditional and absolute. There cannot be conditional acceptance, that would amount to a counteroffer which nullifies the original offer.
Detailed explanation-3: - The acceptance must be unequivocal and must be communicated to the offeror. The acceptance must be made by the offeree-a third party generally cannot substitute for the offeree and effectively accept the offer. (3) The offer must be communicated to the offeree.
Detailed explanation-4: -There are two types of bill acceptances: general acceptance and qualified acceptance.