0An acceptance is the manifestation by the offeree of his willingness to be bound by the terms of the offer. The term acceptance is defined in Section 2 (b) of the Indian Contract Act, as under:
“When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. A proposal when accepted becomes a promise. ”
The analysis of this legal definition shows that an acceptance is the consent given to the offer (proposal), and a binding contract between the offeror and the offeree comes into existence on the acceptance of the proposal.
Example 2.10: A offers to sell his car to B for Rs. 90,000. B accepts this and agrees to buy A’s car for Rs. 90,000. In this case, a binding contract comes into existence between A and B.
