Section 508
Offer And Acceptance Deemed To Be Completed
(1) Once the
offeree comes to the knowledge of an offer, the act of making the
offer shall be deemed to have been completed.
(2) The act of giving acceptance shall be deemed to be
completed, in case of the offerer, if the offerer receives the
acceptance forwarded by the offeree to the offerer having indicated
his or her acceptance to the offer, and in case of the offeree, if the
offerer comes to know that the offeree has accepted the offer.
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(3) Even though there is no expression of acceptance to the
offer directly, if the offeree abides by any terms mentioned in the
offer by way of his or her conduct or accepts the advantage or
service mentioned in the offer or indicates acceptance in any other
manner, the offeree shall be deemed to have accepted the offer.
(4) If the offerer makes an offer having stipulated certain
time and specifies that the offer is regarded as accepted if a notice
of its rejection is not sent within such time, and if the offeree does
not send a notice of acceptance of the offer within such time, the
offer shall not be deemed to have been accepted.