According to William Anson: An acceptance is like a stick of matchbox in front of the truck of gunpowder.
Proposal + Acceptance = Promise
Section 2(b) of Indian Contract Act.According to section 2(b) when the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted.
Section 68-72 deals with certain relations resembling those created by contract. These obligations are known as Quasi-Contract.
The Quasi Contract are not contract in full fledge because there is no offer and acceptance by the parties, but there are some circumstances where the contractual obligation arises.
CONTRACT OF BAILMENT – Section 148-181
Contract of Bailment is defined under section 148 of Indian Contract Act.
A bailment is the delivery of goods by one person to another for some purpose, upon a contract, if the purpose is accomplished the property must be returned back or otherwise disposed off according to the direction of the person delivering them.
1. Short title. This Act may be called be the Indian Contract Act, 1872. Extent, commencement– It extends to the whole of except the State of Jammu and Kashmir; and it shall come into force on the first day of September, 1872. Enactment repealed: Saving- Nothing herein contained shall affect
2. Interpretation-clause. In this Act the following words and expressions are used in the following senses, unless contrary intention appears from the context: (a) When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other
3. Communication, acceptance and revocation of proposals. The communication of proposals, the acceptance of proposals, and the revocation of proposals and acceptance, respectively, are deemed to be made by any act or omission of the party proposing, accepting or revoking, by which he intends to communicated such proposal, acceptance or
5. Revocation of Proposals and acceptance. A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards. An acceptance may be revoked at any time before the communication of the acceptance is complete as against the acceptor, but
7. Acceptance must be absolute. In order to convert a proposal into a promise the acceptance must- (1) be absolute and unqualified. (2) be expressed in some usual and reasonable manner, unless the proposal prescribes the manner in which it is to be accepted. If the proposal prescribes a manner
8. Acceptance by performing conditions, or receiving consideration. Performance of the conditions of proposal, for the acceptance of any consideration for a reciprocal promise which may be offered with a proposal, is an acceptance of the proposal. Read Contract Act in a systematic way. Read Contract Act each section wise.
10. What agreements are contracts? All agreements are contracts if they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not hereby expressly declared to be void. Nothing herein contained shall affect any law in force in