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“Holiday Packages” announced as an advertisement are an example of _________:
- a)Offer
- b)Counter offer
- c)Invitation to offer
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
“Holiday Packages” announced as an advertisement are an ex...
Invitation to an offer is only a circulation of an offer as distinguished from offer. It is an attempt to induce people and precede a definite offer. Eg:- an advertisement given to sell something.Similarly, an advertisement of holiday packages is an invitation to offer and not an offer.
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“Holiday Packages” announced as an advertisement are an ex...
Invitation to offer:
Holiday packages announced as an advertisement are considered an example of an invitation to offer. This means that the advertisement is not a definite offer but an invitation for customers to make an offer to purchase the holiday package.
Explanation:
- Definition: An invitation to offer is an invitation to other parties to make an offer to form a contract. It is not a binding offer but a communication that expresses a willingness to negotiate the terms of a contract.
- Characteristics: In the case of holiday packages advertised as "Holiday Packages," the company is inviting potential customers to make an offer to purchase the package. The advertisement is not a definite offer but a means to attract interest and engagement from customers.
- Legal Implications: By presenting the holiday packages as an invitation to offer, the company is not obligated to sell the package at the advertised price or terms. It gives the company flexibility in negotiating with potential customers and finalizing the terms of the contract.
- Customer Response: Customers responding to the advertisement by expressing interest or making inquiries about the holiday packages are essentially making an offer to the company. The company can then choose to accept, reject, or negotiate the terms of the offer.
In conclusion, holiday packages announced as an advertisement are an example of an invitation to offer, signaling the company's willingness to negotiate with customers rather than making a definitive offer.
Holiday packages announced as an advertisement are considered an example of an invitation to offer. This means that the advertisement is not a definite offer but an invitation for customers to make an offer to purchase the holiday package.
Explanation:
- Definition: An invitation to offer is an invitation to other parties to make an offer to form a contract. It is not a binding offer but a communication that expresses a willingness to negotiate the terms of a contract.
- Characteristics: In the case of holiday packages advertised as "Holiday Packages," the company is inviting potential customers to make an offer to purchase the package. The advertisement is not a definite offer but a means to attract interest and engagement from customers.
- Legal Implications: By presenting the holiday packages as an invitation to offer, the company is not obligated to sell the package at the advertised price or terms. It gives the company flexibility in negotiating with potential customers and finalizing the terms of the contract.
- Customer Response: Customers responding to the advertisement by expressing interest or making inquiries about the holiday packages are essentially making an offer to the company. The company can then choose to accept, reject, or negotiate the terms of the offer.
In conclusion, holiday packages announced as an advertisement are an example of an invitation to offer, signaling the company's willingness to negotiate with customers rather than making a definitive offer.
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“Holiday Packages” announced as an advertisement are an example of _________:a)Offerb)Counter offerc)Invitation to offerd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about “Holiday Packages” announced as an advertisement are an example of _________:a)Offerb)Counter offerc)Invitation to offerd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “Holiday Packages” announced as an advertisement are an example of _________:a)Offerb)Counter offerc)Invitation to offerd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
“Holiday Packages” announced as an advertisement are an example of _________:a)Offerb)Counter offerc)Invitation to offerd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about “Holiday Packages” announced as an advertisement are an example of _________:a)Offerb)Counter offerc)Invitation to offerd)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for “Holiday Packages” announced as an advertisement are an example of _________:a)Offerb)Counter offerc)Invitation to offerd)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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