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What are the three types of acceptance?

There are different types of acceptance of offers and contracts: Absolute acceptance - the offer/agreement is accepted in full, as written. Conditional acceptance - paying under the condition that the product/service is delivered/performed. General acceptance - when acceptance is given without qualification.

What does it mean to be conditionally accepted?

What does conditionally accepted mean? Conditional acceptance means that there are still terms that need to be met before your acceptance can be finalized. For example, maybe youre a high school or college student and youve applied and submitted your official transcript for your midterm grades.

What is the effect of a conditional acceptance?

Conditional acceptance is also known as qualified acceptance. In this case, the offeree agrees to give his acceptance to the offer only if certain changes are made to the terms and conditions of the offer. This acceptance now becomes a counteroffer which must be then accepted by the offeror for it to become a promise.

Is a conditional acceptance a counter offer?

A conditional or qualified acceptance is an acceptance that supplements or modifies the terms of the original offer. This is essentially a counter-offer. A conditional or qualified acceptance usually terminates the acceptance authority of the target recipient.