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Jonas wrote to smith offering to sell 42 acres if farmland at $5,000 per acre with the purchase price to be paid at the closing. Smith replied, accept for the 42 acres, for the $5,000 per acre, but will pay the purchase price two days after closing ." Is this an acceptance ?

Respuesta :

Answer: yes

Explanation:

Tundexi

Yes, this is an acceptance on the part of Smith at law.

In law, acceptance refers to an promise or agreement made by a party to to fulfill the other parties terms to allows the enforcement of the contract.

The element of Acceptance in law does not make valid a contract.

The contract becomes valid after the buying party makes the required consideration (payment) to the selling party.

In conclusion, this is an acceptance on the part of Smith at law.

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