Acceptance

Unconditional assent to the terms of an offer. Creates a binding contract when communicated to the offeror.

Type: noun Branch: Contract Level: Intermediate Jurisdiction: Global

Pronunciation: 🇺🇸 US/əkˈsɛptəns/ 🇬🇧 UK/əkˈsɛptəns/

Definition

Unconditional assent to the terms of an offer. Creates a binding contract when communicated to the offeror.

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