Business Studies, asked by surbhigoyal5, 7 months ago

what is the difference between an offer and invitation to offer... plz explain with the help of example​

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Answered by aisha4858
0

Answer:

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.

An offer becomes an agreement when accepted. On the other hand, an invitation to offer becomes an offer when the public responds to it. The main objective of making an offer is to enter into the contract, whereas the main objective of an invitation to offer is to negotiate the terms on which the contract can be made.

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