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Words: | Submitted: Wed Oct 20 2004
... the validity period of the offer has lapsed, an acceptance of the offer cannot be made, unless the offeror agrees to repeat the offer. The acceptance must be made unconditionally, an acceptance with added stipulations becomes a counter-offer, and it would then be up to the original offeror to accept or reject. An offer must also be made to a specific person. Offers may be done verbally, in writing, or by gestures, and acceptances may be conveyed in the same way. Some offers may be pretty long, or as short as giving an item to a cash registrar in a supermarket. Offer and acceptance is a crucial part in a contract, and without this a contract would not exist. People must be careful when they formulate the contract, pay close attention to what exactly they are offering and what they are accepting. Once there is an offer and acceptance the ...
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