Acceptance of An Offer

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16 Terms

1
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Acceptance

The expression of consent to the terms of an offer, which can be made orally, in writing, or by conduct.

2
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Mirror Image Rule

The principle that an acceptance must exactly match the terms of the offer to create a valid agreement.

3
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Unilateral Offer

An offer that can be accepted only by performing a specified act.

4
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Bilateral Offer

An offer that requires acceptance through a return promise or mutual agreement.

5
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Communication of acceptance

The process by which an offeree informs the offeror of their acceptance of an offer.

6
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Receipt Rule

A rule stating that acceptance is communicated only when the offeror has actually received notice of it.

7
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Postal Rule

A rule that states acceptance occurs when the letter of acceptance is posted, not when it is received.

8
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Entores Ltd v Miles Far East Corp

A case establishing that acceptance in face-to-face communication is effective only upon the offeror's actual receipt of it.

9
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Carlill v Carbolic Smoke Ball Co.

A landmark case affirming that in unilateral contracts, performance of the act is sufficient acceptance without prior communication.

10
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Powell v Lee

A case confirming that communication of acceptance is only effective if made by an authorized person.

11
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Felthouse v Bindley

A case establishing the general rule that silence cannot constitute acceptance of an offer.

12
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Manchester Diocesan Council of Education v Commercial & General Investments Ltd.

A case indicating that if a specific mode of acceptance is specified by the offeror, that method must be used.

13
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Brogden v Metropolitan Railway Co.

A case where acceptance was inferred from conduct, despite lack of explicit communication of acceptance.

14
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Henthorn v Fraser

A case indicating that the postal rule applies when it was reasonable for the offeree to use the post.

15
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Household Fire & Carriage Accident Insurance Co. Ltd. v Grant

A case affirming that acceptance occurs upon posting, even if the letter is delayed or lost.

16
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Holwell Securities Ltd v Hughes

A case interpreting that the phrase 'notice in writing' required actual receipt and excluded the postal rule.