Acceptance as a Factor in the Formation of the Contract: A Strong Propellant
Acceptance as a Factor in the Formation of the Contract: A Strong Propellant In the contract law context, acceptance is the courtship that turns an offer into a marriage. This state of affairs is most commonly expressed by the analogy: "Acceptance is to offer as a lighted match is to a barrel of gunpowder." But this little comparison represents how explosive acceptance can be, in that what we see is not a seemingly empty vessel, but payment, and with that payment, we start the wheels of the entire contractual machinery. To elaborate on this analogy, one must begin by basic notions of an offer and acceptance in the context of contract law. Offer and Acceptance in Contract Law : Offer: An offer is sometimes known as a proposal because a person making an offer proposes a contract. The significant feature of this definition is the fact that it is the intention of the offeror to be legally bound that makes a contract if the terms on which he offers...