Acceptance
Definition
When the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted. Acceptance must be absolute and unqualified (Section 7, ICA 1872). A conditional acceptance is a counter-offer.
Example
"B replies to A's offer: 'I accept your offer to sell the car for ₹3 Lakhs.' This unconditional reply constitutes valid Acceptance, creating a contract."