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OFFER

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by

Sravs Varanasi

on 21 July 2014

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Transcript of OFFER

ESSENTIAL LEGAL RULES OF A VALID OFFER
ESSENTIAL LEGAL RULES OF A VALID OFFER
. An offer must be
distinguished from
A declaration of intention and an announcement
an invitation to make an offer.


ESSENTIAL LEGAL RULES OF A VALID OFFER
ESSENTIAL LEGAL RULES OF A VALID OFFER
The offer must be made with the
intention of creating legal relations.

A Proposal is defined as "when one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal.
Section 2(a)
TYPES OF OFFER
:
Specific offer
: An offer made to a definite person
General offer
: When an offer is addressed to the whole world , it is called general offer.
The offer must be made with a
view to obtain acceptance/ assent of the other party.

The terms of offer must be
definite, unambiguous and certain
or capable of being made certain. The terms of the offer
must not be loose, vague or ambiguous.
Offer must be
Communicated to the offeree


It may be
conditional
Newspaper
offers are
not
offers
ESSENTIAL LEGAL RULES FOR A VALID CONTRACT:
Offer
should not contain a term the non-compliance
of which would amount to acceptance
A
statement of price
is
not
an offer
Full transcript