Acceptance

In this lesson

1. 0:01 Understanding offer and acceptance basics
2. 1:00 Requirements for valid acceptance
3. 2:48 Acceptance by conduct and waiving communication
4. 3:39 Silence versus action in acceptance
5. 4:16 The postal rule explained
6. 6:52 Cross offers and final acceptance principles

About this lesson

rule. Understanding acceptance is essential for the Corporate and Business Law paper, as exam questions frequently test your ability to identify when a contract has actually been formed. This video covers the core principles of acceptance with practical examples. A valid acceptance must not vary the original offer's terms; any changes create a counter-offer instead. Acceptance can be made in writing, verbally, or by conduct (particularly in unilateral contracts like Carlisle v Carbolic Smoke Ball, where Mrs Carlisle accepted by simply using the product). Importantly, silence alone is not acceptance—there must be some positive action or communication, though you don't need to use the formal words "I accept." You'll also learn about the postal rule, a key exam topic. When acceptance is sent by post, it takes effect the moment the letter is posted, not when it's received. This protects parties from uncertainty in postal negotiations, though it can be excluded by adding conditions to the offer. The video clarifies other scenarios too: acceptance cannot happen through silence without action, cross offers don't create acceptance just because both parties say the same thing, and the postal rule applies only to letters, not emails. By mastering these rules and exceptions, you'll be able to confidently analyse contract formation questions and spot when acceptance has—or hasn't—actually occurred.

Duration: 7m