Dictionary definition: acceptance

acceptance n. Agreement to the terms of an offer that, provided certain other requirements are fulfilled, converts the offer into a legally binding contract. If the method by which acceptance is to be signified is indicated by the offeror, that method alone will be effective. If it is not, acceptance may be either express (by word of mouth or in writing) or inferred from the offeree's conduct; for example, if he receives goods on approval and starts to make use of them. The acceptance must always, however, involve some action on the part of the person to whom the offer was made: the offeror cannot assert that his offer will be treated as accepted unless the offeree rejects it. The validity ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!