What is acceptance of a contract?

Acceptance of a contract is the point in which two or more parties agree to the same set of terms and conditions. In South Carolina, acceptance of a contract is generally signified by a signature on a written agreement, or by an oral communication of agreement. For acceptance to be legally binding, all parties must agree to the same set of terms, or the offer must be accepted by specific acts that indicate an intent to form a contract. The acceptance must also be made without any changes or conditions, otherwise it may be considered a counteroffer. It is important to note that acceptance cannot be made if the offeror has revoked the offer before the offeree has accepted. This is especially important to consider in cases of implied contracts, which are contracts that are not made in writing and not agreed upon verbally. A party agreeing to an implied contract may find that the offer was already revoked, therefore the agreement is not legally binding and no contract has been formed. South Carolina also adheres to the Mirror Image Rule, which states that an acceptance of an offer must be exact to the offer made by the offeror. If the acceptance is different in any way, it is considered a counteroffer, and the offeror must accept or reject the counteroffer to form a contract. Ultimately, acceptance of a contract is the point in which two or more parties agree to the same set of terms and conditions, and the acceptance must be exact to the offer in order for the contract to be legally binding.

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