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Well, if the contract is written, you both sign it. That would constitute acceptance. Or if it is verbal, you both agree upon it and then go forward with the terms. Verbal agreements are not as good as details can get left out or forgotten, so if you can, always have written agreements. You will find you limit any possibility of problems in the future. Now, if this agreement doesnt work the way it was originally intended, you can ammend it, or you can put forth another proposition, or accord and satisfaction, which means, one gave a remedy or solution and the other accepted. But I would always have a witness, if it was verbal or get out the original written contract, amend it, lets say on the back or where there is room to write, and then sign it again with the new date. These are all tips to hopefully, stop potential problems and allow the agreement to go forth where everyone is happy.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoA valid acceptance must be communicated to the offeror by the same or similar means under which the offer was communicated, and must be unequivocal to make the agreement binding.
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What is an enforceable contract?
Enforceble contract is a contract which is done with the acceptance with both parties
Define offer and acceptance?
Offer and acceptance are required to create a legally binding contract. The offer is contracted and then by signing the contract the other person indicates their acceptance of the terms.
A mere mental acceptance not evidenced by words or conduct is in the eyes of law no acceptance?
This is known as a contract act. A contract act is a mere mental acceptance that is not evident by words or conduct.
What are the components of an offer?
An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.
What are the component parts of an offer?
An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.An offer is a component part of a contract. There are three steps in creating a valid contract: the offer, the acceptance of the offer and an exchange of consideration.
When can you prepare a contract?
you can prepare a contract if and only if there is a valid offer and an acceptance supported by a consideration. in proerty law you prepare a contract at the completion of offer acceptance, investigation of title and exchange of sale price.
When a person is a minor is the missing element to a valid contract called offer and acceptance?
No. A contract with a minor by definition is characterized by offer, acceptance and consideration. Minority is an affirmative defense to liability for non-performance of the contract.
Simple contract special contract?
They are valid element of a contract they are offer and acceptance, legality consideration capacity terms
What is revoking an offer following acceptance?
Breach of Contract!
What are the duties of the buyer in a contract of sales of goods?
acceptance
Explain consideration and acceptance are the binding element of contract?
An offer is valid only if it is made with an intention of getting the assent of another. when there is no acceptance the contract does not come into existence. For a valid contract there must be consideration which need not be adequate.
Does a contract for deed constitute legal or equitable title?
Equitable.Equitable.Equitable.Equitable.
