acceptance
The actual or implied receipt and retention of thin which is tendered or offered. A receipt alone does not amount to all acceptance, but anything done by the receiptor as owner is evidence of all acceptance. Patterson & Holden v Sargent, 83 Vt 516, 77 A 338. The acceptance of the goods constituting the subject of a sale has all important bearing upon the passing of title front the seller to the buyer where the contract is executory; it is also a material consideration in respect of the satisfaction of the statute of frauds where the contract is parol. 46 Am J1st Sales § 411. In a sale of personal property the term covers more than a mere receipt of the goods by the purchaser and implies some act done by him after he has exercised, or has had the means of exercising, his right of rejection. Patterson & Holden v Sargent, 83 Vt 516, 77 A 338.

Ballentine's law dictionary. . 1998.

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  • Acceptance — • In canon law, the act by which one receives a thing with approbation or satisfaction Catholic Encyclopedia. Kevin Knight. 2006. Acceptance     Acceptance      …   Catholic encyclopedia

  • Acceptance — Ac*cept ance, n. 1. The act of accepting; a receiving what is offered, with approbation, satisfaction, or acquiescence; esp., favorable reception; approval; as, the acceptance of a gift, office, doctrine, etc. [1913 Webster] They shall come up… …   The Collaborative International Dictionary of English

  • acceptance — acceptance, acceptation have both at one time or another carried the meanings: the act or fact of accepting or the state of being accepted. Present usage, however, restricts their denotations. Acceptance only is used to denote the act of… …   New Dictionary of Synonyms

  • acceptance — [ak sep′təns, əksep′təns] n. 1. an accepting or being accepted 2. approving reception; approval; acceptability 3. belief in; assent 4. a draft or bill of exchange that has been accepted for payment: cf. BANKER S ACCEPTANCE, TRADE ACCEPTANCE 5.… …   English World dictionary

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  • acceptance — (n.) 1570s, from M.Fr. acceptance, from accepter (see ACCEPT (Cf. accept)). Earlier in same sense was acceptation (late 14c.) …   Etymology dictionary

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  • acceptance — The act of accepting something, usually a contract. For example, an offer is made to some person that that person buys certain goods for a certain amount of money. If the person to whom the offer is made agrees, then the offer is considered to be …   Glossary of Bankruptcy

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