Forum discussion(Understanding from this chapter)

Offer and acceptance

Offer and acceptance

by Tamanna Meghna -
Number of replies: 0

Offer and acceptanceAn offer is a statement or action that indicates a willingness to agree. Acceptance is an agreement to the terms of an offer by the other party. An offer must be communicated to the person who is meant to accept it and may be made by words or conduct.

Types  of offer and acceptance  :

i.specific  offer (individual) 

ii. Specific  offer (group) 

iii. General  offer


Rules  of offer

1.express, implied  offer

2.definite person, class and world  

3.  Legal relationship required 

4.the terms of the offer must be certain  

5. A mere statement  of intention  is not an  offer 

6.offerer must be communicate to the offeree  

7. A offer mybe conditional