When an offer is made to the world at large, it is ________ offer.a)Co...
The correct answer is option C: General Offer
A general offer is an offer made to the public at large, rather than being directed to a specific individual or group. This type of offer is typically made through public advertisements, such as in newspapers, on television, or through social media. The offer is open for anyone to accept, and a contract is formed once someone takes the necessary action to accept the offer, such as purchasing a product at a discounted price or entering a contest.
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When an offer is made to the world at large, it is ________ offer.a)Co...
Option C) is correct because
General Offer means an offer made to the public at large...
and special offer means offer made to specific person or specific group of person
Counter offer means an offer which is exchanged by a new offer in place of old one
When an offer is made to the world at large, it is ________ offer.a)Co...
**General Offer**
A general offer refers to an offer that is made to the world at large, with the intention of creating a legally binding contract with anyone who accepts the offer. It is a type of offer that is open to anyone who meets the conditions specified in the offer. In the context of contract law, an offer is an expression of willingness to enter into a contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed.
**Characteristics of a General Offer:**
1. Communication to the Public: A general offer is communicated to the public at large through various means such as advertisements, posters, websites, or public announcements. The offer must be sufficiently clear, definite, and communicated to the public in order to be valid.
2. Intention to Create Legal Relations: The offeror must have a genuine intention to create legal relations. This means that the offeror intends for the offer to be binding and enforceable by law.
3. Unilateral Nature: A general offer is usually a unilateral offer, meaning that it is an offer made to the world at large, and acceptance is made by performing a specific act or fulfilling the specified conditions of the offer.
4. Acceptance by Performance: In the case of a general offer, acceptance is usually made by performing the act or fulfilling the conditions specified in the offer. Once the act is performed, a contract is formed and the offeror is bound by the terms of the offer.
**Examples of General Offers:**
- A reward offer: When a person offers a reward for the return of a lost item or for providing information leading to the capture of a criminal, it is considered a general offer. Anyone who meets the conditions of the offer can accept it by providing the required information or returning the lost item.
- Sale advertisements: When a business advertises a sale or a discount on its products or services, it is making a general offer to the public. Anyone who meets the conditions of the offer, such as purchasing the product within a specified time frame, can accept the offer and be entitled to the discounted price.
**Conclusion:**
In conclusion, a general offer is an offer that is made to the world at large, with the intention of creating a legally binding contract with anyone who accepts the offer. It is open to anyone who meets the conditions specified in the offer and is usually communicated through various means to the public. General offers can be found in various contexts, such as reward offers or sale advertisements.