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What is acceptance rule? What are its advantages and disadvantages?
The acceptance rule is the rule which is used for the communication purpose and it is used in unilateral contracts which makes an offer and will be accepted by some act. This rule also determines whether the agreement is from both sides or not. The offer may only be accepted if the offerer is the person for whom the offer is made. If the offer is accepted then the offer can be accepted without any modification.
The advantages and disadvantages are as follows :-
Until the offer is accepted the offer can't be said as complete so it provides a security which brings the attention of the contract into existence at the moment of acceptance.
Advantage of it is that when the offer of acceptance is being made and the receiving party sends the confirmation to the party which sent the offer than the offer will be considered as valid.
The disadvantage of it is that the offer can be terminated or rejected on the part of the person who is offering the offer. So it is totally dependent on the offerer rather than the the person who is involved in it.
Another disadvantage of this is that if the offeree rejects the offer then offerer can't be accepted at future time
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