BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -An acceptance is the only form of contractual communication that is effective when sent. Oral acceptances are effective the moment the words are spoken directly to the offeror. A bilateral acceptance occurs when an offeree indicates acceptance by performing his or her obligations under the contract.

Detailed explanation-2: -An acceptance is an agreement by that other person, the offeree, to do what was requested in the offer. To be legally effective, the offer must be made with serious intent, be definite (clearly stated), and be communicated to the offeree.

Detailed explanation-3: -What are the requirements of an effective acceptance? An effective acceptance must be made by the person or persons to whom the offer was made, match the terms in the offer, and be communicated to the offeror.

Detailed explanation-4: -The mirror image rule requires that the terms in the acceptance must be close to the terms contained in the offer.

Detailed explanation-5: -The mailbox rule (also called the posting rule), which is the default rule under contract law for determining the time at which an offer is accepted, states that an offer is considered accepted at the time that the acceptance is communicated (whether by mail e-mail, etc).