Business Studies, asked by sdfgkkg5359, 1 year ago

Define ‘Offer’. Explain the essential elements of valid offer.

Answers

Answered by babushall
8

according to section 2(a) of Indian Contract Act 1872 defines an offer as "when one person signifies to another his willingness to do or to abstain from doing anything with a view to obtaining the ascent of that other two such hacked or assistance he is said to make a proposal ."

the following are the features of a valid offer :

1. a proposal should be voluntary .

2. proposal should be communicated and brought to knowledge .

3. a proposal should be made with the willingness of the proposer.

4. offer must be made with a view to obtain the ascent.

5. a proposal should be definite not certain.

6. invitation to offer is not a valid offer or proposal.

7.proposal may be specific or general .

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Answered by taraknathroy639
0

Explanation:

essential eliment of an offer

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