Business Studies, asked by jyotikri74800, 1 month ago

define the term proposal and acceptance explain with illustration the rules regarding valid proposal​

Answers

Answered by srishti1897
4

Answer:

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Explanation:

According to the Indian Contract Act 1872, proposal is defined in Section 2 (a) as “when one person will signify to another person his willingness to do or not do something (abstain) with a view to obtain the assent of such person to such an act or abstinence, he is said to make a proposal or an offer.”

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Answered by sreekanthmishra
1

Answer:

Acceptance & Proposal :

The Indian Contract Act 1872 defines acceptance in Section 2( b) as “ When the person to whom the offer has been made signifies his assent thereto, the offer is said to be accepted. therefore the offer when accepted becomes a pledge. ”

So as the description countries, when the offeree to whom the offer is made, unconditionally accepts the offer it'll amount to acceptance. After such an offer is accepted the offer becomes a pledge.

Say for illustration A offers to buy B’s auto for rupees two lacs and B accepts such an offer. Now, this has come a pledge.

When the offer is accepted and it becomes a offer it also becomes irrevocable. An offer doesn't produce any legal scores, but after the offer is accepted it becomes a pledge. And a pledge is irrevocable because it creates legal scores between parties. An offer can be abandoned before it's accepted. But formerly acceptance is communicated it can not be abandoned or withdrawn.

Explanation:

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