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What is the effect of the acceptance of an offer in the context of the formation of a contract?

Under the Indian Contract Act, acceptance converts a proposal into a binding promise, so "A contract is created only after an offer is accepted."

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What is the effect of the acceptance of an offer in the context of the formation of a contract?

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Under the Indian Contract Act, acceptance converts a proposal into a binding promise, so "A contract is created only after an offer is accepted."

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