What characterizes absolute acceptance?

Study for the CA Foundation Business Law Exam. Practice with multiple-choice questions, review detailed explanations, and ace your exam!

Absolute acceptance in contract law refers to an unequivocal agreement to the terms as proposed without any alterations, conditions, or exceptions. This concept is essential because it signifies the willingness of the offeree to agree fully to the offeror's terms, thereby forming a binding contract once the acceptance is communicated. The key characteristic is that it must be unconditional and not qualified.

When acceptance is unconditional, it assures the offeror that their proposal is fully accepted as it stands, which is crucial for establishing the mutual consent necessary for a valid contract. Conditions or modifications, if included, would transform the acceptance into a counter-offer rather than a complete acceptance, thus negating the formation of a contract based on the original terms.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy