explain different type of offers.
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OFFERS-
A explicit proposal to contract which, if accepted, completes the contract and binds both the person that made the offer and the person accepting the offer to the terms of the contract.
Types of Offers
Specific Offer: A specific offer is the one, which is made to a specific person or a group of persons. It can be accepted only by the person or group of persons to whom it is made.
). Express offer: – It is an offer that is done through words that can be either oral or written. The oral offer can be made face to face or via telephone. The written offer can be made via text messages, advertisements, letters or e-mail.
). Express offer: – It is an offer that is done through words that can be either oral or written. The oral offer can be made face to face or via telephone. The written offer can be made via text messages, advertisements, letters or e-mail.(ii). Implied Offer– It is an offer conveyed through acting or signs. But if a party observes a silence over the offer then that offer cannot be valid.
➡AN SPECIFIC OFFER IS ONE WHICH IS MADE FOR A SPECIFIC PERSON OR A GROUP OF PERSON.
➡A general offer is am offer which is made to the public in general and can be accepted by anyone who fulfils the term and condition of the offer.
➡When the offeree offers to accept the offer to the offeror subject to some modification and condition then the offer of the offeree is called counter offer.
➡When two parties make similar offer to each other without knowing the offer made by the other and the term and condition offer are identical then the offer are called cross offer.
➡An offer is a standing offer if it is intended to remain open for a specific period and can be accepted at any time during that period.
➡When the offeror expressly communicates the offer then it is said to be an express offer.
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