power of acceptance

power of acceptance

n. the ability to accept an offer and thus create a binding contract. In real estate an acceptance can only be made for a period specified in the offer, and the power is terminated permanently by the making of a counter-offer. Thus, one cannot make a counter-offer and then decide to accept the original offer.

References in periodicals archive ?
Polak delivers a powerful message about hate, prejudice and the power of acceptance and standing up for what is right.
Hate Mail (Orca Currents)
Leading with Acceptance will help you: Discover what you can and cannot change about your child; Understand the power of acceptance in building a healthy parent/child connection, no matter how old your child is; Gain peace of mind as you raise your children to become their best, happiest selves.
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That is, although three women are listed as editors of the collection, they did not exercise the power of acceptance and rejection.
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Chances are that the greatest difference lies in the power of acceptance. Acceptance is a topic that we don't spend much time thinking about or routinely dwelling on.
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The power of acceptance
To be an offer, a price quotation must be "sufficiently detailed," and it must create a binding power of acceptance in the offeree.
Winning the battle of the forms: many business-to-business contracts are formed by the combination of price quotations, purchase orders, and invoices, each of which can contain terms that conflict with the others. This article reviews typical "battle of the forms" issues under the Illinois UCC and helps parties increase the chance that their terms will control
Power is still in the hands of men: the power of acceptance, publishing, praise, advertising.
Kirsikankukkia
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