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LSDefine

Simple English definitions for legal terms

acceptance

Read a random definition: beyond a reasonable doubt

A quick definition of acceptance:

Acceptance: When someone agrees to the terms of an offer made by someone else. This can happen in different situations, like when you buy something from a store or when you apply for insurance. Acceptance can be shown by saying "yes" or by doing something that shows you agree. To make sure the agreement is real, the person making the offer needs to know that the other person accepted it in a way that was expected or asked for.

A more thorough explanation:

Acceptance means agreeing to the terms of an offer. In legal situations, acceptance can refer to:

  • Contracts: When one person agrees to the terms of an offer made by another person. Acceptance can be expressed or implied by the offeree's conduct. To form a binding contract, acceptance should be communicated in a way that is authorized, requested, or reasonably expected by the offeror.
  • Insurance: When an insurer agrees to cover certain risks or perils for a person who applied for insurance and issues them a policy.
  • Business transactions: When a buyer agrees to purchase a product from a seller, even if the product or goods were not what was originally agreed upon.

For example, if a person offers to sell their car to another person for $10,000, and the second person agrees to buy it for that price, that is acceptance. The agreement can be verbal or in writing, but it must be clear that both parties agree to the terms of the offer.

In insurance, if a person applies for car insurance and the insurer agrees to cover them for certain risks, that is acceptance. The insurer issues a policy that outlines the terms of the coverage, and the person agrees to pay the premiums.

In business, if a seller offers to sell a product to a buyer for a certain price, and the buyer agrees to purchase it for that price, that is acceptance. Even if the product is not exactly what the buyer expected, if they agree to buy it, that is acceptance.

acceleration clause | acceptance of service

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[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
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