Question 3- X sees a book displayed in a book store. The book is labelled as "25th Edition Ruppes 200". He enters the shop and ask for the book putting Rs. 200 at the counter. The bookseller refuses to sell at the price and says
that its price is not Rs. 200 but Rs. 250 and Rs. 200 has been marked by mistake.Can 7 compel the bookseller to sell the book for PS. 200 ? Decide
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Contracts play an important role in our everyday life ranging from insurance policies to employment contracts. In Fact, we enter into contracts even without thinking for example while buying a movie ticket or downloading an app. Contracts are oral or written agreements between two or more parties. Parties entering into a contract might include individual people, companies, non-profits or government agencies. The whole process of entering into a contract starts with an offer by one party, an acceptance by another party, and an exchange of consideration (something of value). Let us take a look at the definition of an offer and the essentials of a valid offer.
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