Acceptance of an offer is an expression of acceptance of its terms. It must be done by the bidder in a manner requested or approved by the supplier. Acceptance is only valid if the applicant for the offer is white; The bidder indicates an intention to accept; Adoption is clear and unconditional; and acceptance is carried out under the terms of the offer. There must be mutual agreement between the parties or mutual agreement for a contract to be concluded. To reach an agreement, the parties must have a common intention or a meeting of minds on the terms of the contract and sign the same agreement. With the exception of certain legal exceptions relating to the sale of goods, as stipulated in Article 2 of code UNIFORM COMMERCIAL (UCC), if one of the proposed conditions is not regulated or if no method of settlement is provided, then there is no agreement. The parties can settle the deadlines one after the other, but their contract will not be concluded until the final term is agreed. An agreement is binding if the parties accept the essential conditions and intend to make the agreement mandatory, even if not all the details are clearly defined. The quantity of the goods is generally essential conditions that must be agreed upon if the contract is to be applied.
Article 2 of the UCC provides exceptions to the rule that the terms of an agreement apply definitively and some, which allows the courts to reasonably imply the missing provisions where the essential conditions clearly attest to mutual unity between the parties. 4. Counter-offer:- A counter-offer is a rejection of the initial offer. This is a new offer that must be accepted by the original supplier before the contract is concluded. In other words, a counter-offer is a new set of conditions that are given in response to the initial offer. A counter-offer would terminate the initial offer and present the new offer to the original supplier. For example- If M N asks, you`re going to buy my guitar for INR 5,000 and N says no, but for INR 3,000, they say there`s a counter-offer. WHAT IS ACCEPTANCE? According to Sir William Anson, the question of whether the two parties agreed on the terms or whether a valid offer was made is a question determined by the applicable law. In some jurisdictions, courts use criteria known as «objective testing,» which was explained in the main English case Smith v. Hughes.   In Smith v. Hughes, the court pointed out that, when it comes to a valid offer, it is not the party`s own (subjective) intentions, but how a reasonable person would understand the situation.
The objective test has been largely replaced in the United Kingdom since the introduction of the Brussels regime, in conjunction with the Rome I regulation. «Agreement to be concluded» agreements are not a contract. These types of agreements are often used in sectors that require long-term contracts to ensure a constant source of supplies and opportunities. Mutual declarations of approval, sufficient in themselves to enter into a binding contract, are not only deprived of the fact that the parties declare themselves ready to prepare a written copy of their agreement. To determine whether there is only an «agreement of agreement» or a sufficiently binding contract in a particular case, the courts apply certain rules. If the parties express their intention – either to be related or not to be related until a written document is drafted – that intention will be monitored.