Business Studies, asked by vish999, 4 months ago

An advertisement regarding a retirement benefit insurance is :
an offer
an advetisement
an invitation to offer
decleration of intention of an offer​

Answers

Answered by kartikashirsath54
0

The difference between offer and invitation to offer is very basic and lies mainly in the ‘intention’ of the parties. While an offer directly allows the other party to enter into a contract (that is, a legally binding agreement) as soon as it is accepted, an invitation to treat mainly invites the other party to make negotiations and himself make an offer to the seller. This might sound complicated, but it is a very fundamental difference that we see very often in our day to day lives. When we go to a bookshop, the mere display of the books in the shop is an invitation to treat by the bookseller to the general public. Anyone passing by the shop can choose to come to buy one of his books or may choose otherwise. Here, no one is legally bound to perform any action. Similarly, most forms of advertisements are not actually offers but invitations to offer. To fully grasp the difference, let us understand how the offer and invitation to offer has been defined, separately.

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Answered by priyankapakhhira
1

Answer:

Explanation:

An invitation to offer

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