What is acceptance of a contract?

Acceptance of a contract is a crucial part of contract law in North Dakota. Acceptance refers to when one party to a contract has agreed to the terms of the contract as proposed. When this happens, it creates a legally binding agreement that both parties must abide by. In North Dakota, a contract is considered accepted when both parties agree to it, and all of its terms, either verbally or in writing. The party to a contract who has accepted it is known as the acceptor, and the party who proposed the contract is known as the offeror. Once a contract is accepted, both parties are responsible for carrying out the tasks and duties that the contract specifies. Furthermore, in order for acceptances of a contract to be legally binding, the terms must be clear and definite. Vague or uncertain terms may render a contract unenforceable. Acceptance also must be voluntary and not made under any duress or undue influence. Additionally, if the offeror reserves the right to reject any acceptance, then any acceptance of the offer will be considered invalid. Finally, in North Dakota, the law also requires that in order for a contract to be considered accepted, the acceptance must be communicated to the offeror. This communication can be in the form of a reply, signature, or even through action. Once done, the offeror and acceptor will be bound by the formation of a legal agreement.

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