BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -“When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted.” 1. Acceptance must be absolute and unqualified. 2. Acceptance must be given only by the person to whom the offer is made.
Detailed explanation-2: -An offer can only be accepted by the offeree, that is, the person to whom the offer is made.
Detailed explanation-3: -A unilateral acceptance occurs when an offeree indicates acceptance by giving a promise. An offer made to one person can be accepted by another.
Detailed explanation-4: -Offer and acceptance: An offer is a statement or action that indicates a willingness to agree. Acceptance is an agreement to the terms of an offer by the other party. An offer must be communicated to the person who is meant to accept it and may be made by words or conduct.