Offer and acceptance contract law ppt

  • What is offer and acceptance in law of contract?

    Offer and acceptance: An offer is a statement or action that indicates a willingness to agree.
    Acceptance is an agreement to the terms of an offer by the other party.
    An offer must be communicated to the person who is meant to accept it and may be made by words or conduct..

  • What is the difference between offer and acceptance in PPT?

    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..

  • What is the general principle of offer and acceptance?

    It explains that an offer is an indication of one party's willingness to enter into a contract with the party to whom it is addressed as soon as the latter accepts its terms while an acceptance is an agreement to the terms of the offer..

  • There are three key elements of a binding contract, and they are what are known as the offer, the acceptance, and the consideration.

How do you accept a contract between two parties?

In order for a contract to be concluded between two parties there ought to be an offer made by one party referred to as the offeror which must be accepted by the other person referred to as the offeree

One way in which parties choose to communicate acceptance is by post

There are rules governing acceptance by post

What is offer and acceptance?

Offer and acceptance Section 2 (a) of Indian contract act defines offer as when one person signifies to another his willingness to do or to abstain from doing something with a view to obtaining the assent of other , such act or abstinence is said as proposal

2

When is a letter of acceptance applicable?

The rule would only be applicable when the letter of acceptance is posted and same is under the control of the Post Office

Contract law f Definition

A contract is an agreement between two or more parties creating obligations that are enforceable or otherwise recognizable at law


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