Terms of the offer must be accepted by the party to whom it was communicated to. Legality The agreement between the parties must be legal. Jackson must respond by certified mail.

If, however, the offer merely suggests a method or place of communication or is silent on so such. Requirements of an Acceptance (cont.) 3. ACCEPTANCE The undersigned seller(s) accepts the offer of the above named buyer (s) to purchase the premises herein described and agrees to sell the same to said buyer (s) upon the aforesaid terms and conditions. What is the meaning of offer and acceptance? OFFER AND ACCEPTANCE FORM ARKANSAS PDF – bbdabf9. Most real estate agents utilize standard pre-printed a real estate offer form, filling in the subtle elements particular to your buy terms.
In contract law, the party making the offer is called the “offeror. The other party to the agreement is called the “offeree. The result of this agreement is a legally binding contract, which is usually, but not always, final. See full list on upcounsel.
Acceptance is the final agreement of both parties to consent to the terms of the offer. It is also not always necessary that acceptance be in the form of a signature on a piece of paper, although. A long held and essential element of whether or not a contract is valid is that a “meeting of the minds” existed between the parties when they entered into contract. (more…)