justin made an offer to pay $100,000 to first person who could successfully walk a tightrope across niagra falls. acceptance of justin's offer occurs when:

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08-09-2022
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justin made an offer to pay $100,000 to first person who could successfully walk a tightrope across niagra falls. acceptance of justin's offer occurs when:

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aryanagarwal466 aryanagarwal466 · Answer 1 · 2022-09-11T08:47:48+02:00

The acceptance of Justin's offer occurs when the person is the first to walk across Niagra Falls on a tightrope after Justin's offer.

Offer: "A proposal or offer is made when one person indicates to another person his willingness to do or not do something (abstain) in order to obtain the assent of such person to such an act or abstinence."

The entire contracting process begins with a proposal or offer made by one party to another. To enter into an agreement, the proposal must be accepted.

Acceptance: "The offer is said to be accepted when the person to whom the proposal is made expresses his approval. As a result, when the proposal is accepted, it becomes a promise." Before an offer is accepted, it can be revoked.

For example: A makes an oral offer to B to buy his house for 50 lakhs. B accepts the offer via email and sends it to A. This is a formal acceptance. An implied acceptance occurs when the acceptance is conveyed through the offeree's conduct/behavior/any other mannerism.

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