The term Offer is also called as Proposal. The first step in the formation of a contract is the making of a proposal. To consti...
Showing posts with label Offer and Acceptance. Show all posts
Showing posts with label Offer and Acceptance. Show all posts
Communication of the Acceptance
An acceptance to be valid and legally binding, it must be communicated to the offeror. According to Section 2(b) When a person ...
Revocation of Acceptance
1. Acceptance Acceptance of Offer / Proposal is very essential for formation of a contract . According to Section 2(b) of the In...
Subscribe to:
Posts (Atom)
See Also..
-
1) Consider the following statements : A) Every promise is an agreement. B) Every agreement is a contract. C) A contrac...
-
1) Which one of the following element is not necessary for a contract ? A) Competent parties B) Reasonable terms and condition...
-
Computer is an important part of an accounting system. Computerized accounting systems are important to business in various...
-
1) Give correct answer : A) Void agreements are always illegal. B) Illegal agreements are always voidable . C) Illegal a...
-
Advantages of Law - There are many Advantages of law... some of the them are as follows : 1) Uniformity and Certainty: ...