Acceptance
Definition
Assent to the terms of an offer. Acceptance must be judged objectively, but can either be expressly stated or implied by the offeree's conduct. To form a binding contract, acceptance should be relayed in a manner authorized, requested, or at least reasonably expected by the offeror.
Definition from Nolo’s Plain-English Law Dictionary
Agreeing to the terms of an offer, thereby creating a contract. Compare: counteroffer
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:10 pm
