2.2.1 Acceptance Lecture - Introduction
Welcome to the second lesson of this module guide – the acceptance! The acceptance is the accepting the offer of a contract. There are many different ways an offer can be accepted. Being able to differentiate between the different rules that govern acceptance is very important.
This section will begin by giving an overview of the relevant principles that apply to acceptance. Each principle will be explored with the relevant case law illustrating important acceptance aspects.
Below are some goals and objectives for you to refer to after learning this section.
Goals for this section
- To understand the importance of an acceptance to a contract
- To understand what an acceptance is
- To understand the different principles governing acceptance
Objectives for this section
- To be able to define an acceptance
- To be able to distinguish between a counter offer and an invitation to treat.
- To be able to determine when acceptance has been communicated
- To be able to explain what happens when the offeror stipulates the method of communicating acceptance.
- To be able to demonstrate the importance of communicating acceptance.
- To be able to recognise when the need to communicate acceptance does not apply.
- To be able to describe the postal acceptance rule and when it applies.
- To be able to recognise when the postal acceptance rule does not apply.
- To be able to recognise when the parties are free to withdraw from negotiations.
- To be able to distinguish between instantaneous and non-instantaneous forms of communicating acceptance, and when they are valid.
- To be able to State how and when an offer expires.
Start the Lecture
We have three lengths of lecture to suit varying study needs. Select one of the options below to get started (if you have already chosen a study level you will see the option highlighted in violet):
Each lecture is also accompanied by hands on examples of problem questions for the subject. You can jump directly to the questions below: