Answer:
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.
| Previous Question | Next Question |
| What factors are taken into consideration while computing cash outflows and cash inflows? | What are its advantages and disadvantages? |