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explain legal rule related to legal agreement Related: Legal formalit...
Meaning of offer : Section 2(a) of the Indian Contract Act, 1872 defines proposal or offer as follows : When one person signifies to another his willingness to do or abstain from doing anything, with a view to obtain the assent of that other to such an act or abstinence, he is said to make a proposal.The person making the offer is known as the offeror and the person to whom the offer is made is known as the offeree.
Essential Requirements of a Valid Offer :
It should be an expression of willingness to do or to abstain from doing something.
It must be made to another person. There can be no ‘proposal’ by a person to himself.
It must be made with a view to obtain the assent of that other to such an act or abstinence.
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explain legal rule related to legal agreement Related: Legal formalities - Agreement, Business Law?
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explain legal rule related to legal agreement Related: Legal formalities - Agreement, Business Law? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about explain legal rule related to legal agreement Related: Legal formalities - Agreement, Business Law? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for explain legal rule related to legal agreement Related: Legal formalities - Agreement, Business Law?.
explain legal rule related to legal agreement Related: Legal formalities - Agreement, Business Law? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about explain legal rule related to legal agreement Related: Legal formalities - Agreement, Business Law? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for explain legal rule related to legal agreement Related: Legal formalities - Agreement, Business Law?.
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