Define: Acceptance

Acceptance
Acceptance
What is the dictionary definition of Acceptance?
Dictionary Definition of Acceptance

Acceptance is the act of willingly and without resistance embracing or acknowledging something or someone as valid, true, or worthy. It involves the ability to tolerate or embrace differences, opinions, beliefs, or circumstances without judgment or prejudice. Acceptance often implies a state of peace, understanding, and openness, allowing for the inclusion and recognition of diverse perspectives and experiences. It can also refer to the act of receiving or agreeing to something, such as an offer, invitation, or proposal, with a positive and receptive attitude.

Full Definition Of Acceptance

Acceptance is a crucial element in contract law, referring to the unconditional agreement by one party to the terms and conditions proposed by another party. It is the final and unequivocal expression of assent to the offer made, creating a binding contract between the parties involved. Acceptance can be expressed orally, in writing, or through conduct, as long as it mirrors the terms of the offer. It must be communicated to the offeror within the specified time frame or within a reasonable time if no time limit is specified. Any modifications or additions to the offer made by the offeree would generally be considered a counteroffer, requiring acceptance by the original offeror to form a contract. Additionally, acceptance must be made by the person or entity to whom the offer was directed, as it cannot be assigned or delegated to another party without the offeror’s consent. Failure to accept an offer within the prescribed time or in accordance with the terms may result in the offer lapsing or being revoked, terminating any potential contract formation.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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