Contracts PowerPoint
Contracts PowerPoint
Contracts PowerPoint
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Acceptance<br />
• must be accepted only by the offeree<br />
• agree with the offer<br />
▫ remember that in a unilateral contract, acceptance is the DOING<br />
of the act<br />
and offeror needs to be contacted that the act is completed –<br />
notification<br />
• acceptance must be done in the manner stipulated in the<br />
contract<br />
• silence does not constitute acceptance<br />
• mailbox rule – acceptance is effective when mailed<br />
(postmarked)<br />
• A letter of revocation is not effective until received
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