BCL – L1 – SA – Q75 – Contract Law

Effect of accepting an offer on offeror and offeree.

Question

On the acceptance of an offer by an offeree

A Only the acceptor becomes bound by accepting the offer

B Only the offeror becomes bound as his terms are accepted

C Both the acceptor and offeree become bound by the contract

D None of these

Answer

Explanation:
The correct answer is C because, upon acceptance of an offer, both the offeror and offeree (acceptor) are bound by the contract, creating mutual obligations. Option A ignores the offeror’s obligation, B ignores the offeree’s, and D is incorrect as a contract is formed.

Tags: Binding Contract, Contract Law, Offer Acceptance
Level: Level 1

Topic: Contract Law

Uploader: Samuel Duah