Acceptance of an offer has to be which of the following?

Study for the UBC Real Estate Exam. Access flashcards and multiple choice questions with hints and explanations. Enhance your preparation and ensure success!

Multiple Choice

Acceptance of an offer has to be which of the following?

Explanation:
When forming a contract, the moment the offeree communicates acceptance to the offeror is the moment the agreement becomes binding. Simply having the intention to accept or waiting for the offeror to notice the acceptance doesn’t create a contract; it’s the act of communication that completes the agreement. This is why acceptance is described as taking effect when it is communicated, not merely when it is received by the offeror. The method of communication can be oral or written unless the offer specifies a required form, but the key idea is that the contract is formed by the act of communication itself.

When forming a contract, the moment the offeree communicates acceptance to the offeror is the moment the agreement becomes binding. Simply having the intention to accept or waiting for the offeror to notice the acceptance doesn’t create a contract; it’s the act of communication that completes the agreement. This is why acceptance is described as taking effect when it is communicated, not merely when it is received by the offeror. The method of communication can be oral or written unless the offer specifies a required form, but the key idea is that the contract is formed by the act of communication itself.

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