Keyword Analysis & Research: implied as an approval


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Frequently Asked Questions

What is an implied acceptance?

An implied acceptance occurs when a shopper selects an item in a supermarket and pays the cashier for it. The shopper's conduct indicates that he or she has agreed to the supermarket owner's offer to sell the item for the price stated on it. Calamari, John D., and Joseph M. Perillo. 1998.

What is the legal definition of offer and acceptance?

n. 1) receiving something from another with the intent to keep it, and showing that this was based on a previous agreement. 2) agreeing verbally or in writing to the terms of a contract, which is one of the requirements to show there was a contract (an offer and an acceptance of that offer).

What is an acceptance of a bill?

An acceptance must be written on the bill and be signed by the drawee. An acceptance is either general or qualified. In the case of a general acceptance, the assent is without qualification to the order of the drawer.

What is a conditional acceptance?

Another type of conditional acceptance occurs when a drawee promises to pay a draft upon the fulfillment of a condition, such as a shipment of goods reaching its destination on the date specified in the contract.

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