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Page 1 Offer And Acceptance Page 2 Offer And Acceptance Offer Page 3 Offer And Acceptance Offer Definition of offer • Section 2(a) of Indian contract act when one person signifies to another person his willingness to do or abstain from doing with a view to obtain of assent of that other person. Page 4 Offer And Acceptance Offer Definition of offer • Section 2(a) of Indian contract act when one person signifies to another person his willingness to do or abstain from doing with a view to obtain of assent of that other person. Page 5 Offer And Acceptance Offer Definition of offer • Section 2(a) of Indian contract act when one person signifies to another person his willingness to do or abstain from doing with a view to obtain of assent of that other person. I will sell my car for10K.would u purchase it?? Yes I will purchase it.Read More
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FAQs on PPT - Offer & Acceptance - Business Law - B Com
| 1. What is offer and acceptance in contract law? |  |
Ans. Offer and acceptance are two essential elements of a contract. An offer is a proposal made by one party to another, indicating their willingness to enter into a contract on specific terms. Acceptance occurs when the other party agrees to the offer, creating a legally binding agreement between the parties.
| 2. How can an offer be terminated? | |
Ans. An offer can be terminated in several ways. It can be revoked by the offeror before it is accepted. Additionally, an offer can be terminated through rejection by the offeree or by the lapse of time specified in the offer. It can also be terminated if the subject matter of the offer is destroyed or if the offeror dies or becomes incapacitated.
| 3. Can silence be considered as acceptance of an offer? | |
Ans. Generally, silence cannot be considered as acceptance of an offer. In contract law, acceptance must be communicated to the offeror explicitly. However, there are exceptions to this rule, such as when the parties have a prior course of dealing where silence has been accepted as a mode of acceptance.
| 4. What is the difference between an offer and an invitation to treat? | |
Ans. An offer is a definite proposal made by one party to another, indicating their willingness to enter into a contract on specific terms. On the other hand, an invitation to treat is an invitation for others to make an offer. It is not a binding offer itself but rather an indication that the party is open to receiving offers.
| 5. Can an offer be accepted by someone other than the person to whom it was made? | |
Ans. Generally, an offer can only be accepted by the person to whom it was made. This principle is known as the "rule of acceptance." However, there are exceptions to this rule, such as when the offeror has given authority to a third party to accept the offer on their behalf or when the offer is made to a group of people.
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