acceptance of offer

acceptance of offer
A fundamental element of a binding contract; the assent of the offeree to the offer as made by the offeror, whereby the engagement is made and the parties become bound as contracting parties. 17 Am J2d Contr § 18. The assent requisite to the creation of a contract is an objective thing manifested by intelligible conduct, act, or sign; it is not determined by secret intentions but by expressed or manifested intentions. 17 Am J2d Contr § 19.

Ballentine's law dictionary. . 1998.

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  • Offer — Of fer, v. t. [imp. & p. p. {Offered}; p. pr. & vb. n. {Offering}.] [OE. offren, {AS}. offrian to sacrifice, fr. L. offerre; ob (see {OB }) + ferre to bear, bring. The English word was influenced by F. offrir to offer, of the same origin. See 1st …   The Collaborative International Dictionary of English

  • acceptance — The act of accepting something, usually a contract. For example, an offer is made to some person that that person buys certain goods for a certain amount of money. If the person to whom the offer is made agrees, then the offer is considered to be …   Glossary of Bankruptcy

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