Invitation to make an offer
If a person makes an invitation to make an offer/proposal, the other person makes an offer/proposal in response. The offer/proposal may or may not be accepted.Example: – Tender notice is…
Communication of revocation
An offer, its acceptance and their revocation (withdrawal) to be complete when it must be communicated. When the contracting parties are face to face and negotiate in person, a contract…
Communication of acceptance
An offer, its acceptance and their revocation (withdrawal) to be complete when it must be communicated. When the contracting parties are face to face and negotiate in person, a contract…
Communication of offer
An offer, its acceptance and their revocation (withdrawal) to be complete when it must be communicated. When the contracting parties are face to face and negotiate in person, a contract…
Counter offer
When the offeree offers to qualified acceptance of the offer subject to modifications and variations in the terms of the original offer, he is said to have made a counter…
Cross offer
When two (or) more identical offers exchanged between the parties in ignorance at the time of each other’s offer, the offer are called as cross offers. In such a case,…
Write a short notes on consensus-ad-idem
The essence of an agreement is the meeting of the minds of the parties in full and final agreement; there must, be consensus-ad-idem. The expression “agreement” as defined in section…
Define acceptance & Explain the rules regarding a valid acceptance
According to section 2(b) of the Indian contract Act, 1872, defines an acceptance is “when the person to whom the proposal is made signifies is assent thereto, the proposal is…
An acceptance to be effective must be communicated to the offeror”. Are there any exceptions to this rule?
According to section 2(b) of the Indian contract Act, 1872, defines an acceptance is “when the person to whom the proposal is made signifies is assent thereto, the proposal is…