What does offer and acceptance mean?
Definitions for offer and acceptance
of·fer and ac·cep·tance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word offer and acceptance.
Wikipedia
Offer and acceptance
Offer and acceptance are generally recognised as essential requirements for the formation of a contract, and analysis of their operation is a traditional approach in contract law. The offer and acceptance formula, developed in the 19th century, identifies a moment of formation when the parties are of one mind. This classical approach to contract formation has been modified by developments in the law of estoppel, misleading conduct, misrepresentation, unjust enrichment, and power of acceptance.
Wikidata
Offer and acceptance
Offer and acceptance analysis is a traditional approach in contract law and is one of the elements required for the formation of a legally binding contract. Offer and acceptance consists of the expression of an offer to contract on certain terms by one person to another person and an indication by the offeree of its acceptance of those terms. The other elements traditionally required for a legally binding contract are consideration and an intention to create legal relations. The offer and acceptance formula, developed in the 19th century, identifies a moment of formation when the parties are of one mind. This classical approach to contract formation has been weakened by developments in the law of estoppel, misleading conduct, misrepresentation and unjust enrichment.
Numerology
Chaldean Numerology
The numerical value of offer and acceptance in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of offer and acceptance in Pythagorean Numerology is: 5
Translations for offer and acceptance
From our Multilingual Translation Dictionary
- Angebot und AnnahmeGerman
- प्रस्ताव और स्वीकृतिHindi
- Penawaran dan penerimaanIndonesian
- tilbud og akseptNorwegian
- oferta e aceitaçãoPortuguese
- ПредлоRussian
- 要約和承諾Chinese
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"offer and acceptance." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/offer+and+acceptance>.
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