BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Expressly given
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Impliedly given
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Given by consent
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All of the above
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Detailed explanation-1: -Acceptance must be unconditional and absolute. There cannot be conditional acceptance, that would amount to a counteroffer which nullifies the original offer.
Detailed explanation-2: -LEGAL PRINCIPLE: The acceptance must be absolute and unqualified, leaving no ground for doubt or uncertainty. If the acceptance is conditional, no valid contract is formed, and the offer can be withdrawn at any moment till the absolute acceptance has taken place within reasonable time of such offer.
Detailed explanation-3: -Acceptance must be unqualified and absolute i.e. unconditional and must correspond with all the terms of the offer.
Detailed explanation-4: -What Constitutes a Valid Acceptance? You need to agree to all the terms of the contract. Your agreement must be without any condition and without requiring any changes. This is called the mirror-image rule, where your acceptance mirrors the terms of the offer.