A PRESENTATION ON LAB TOPIC: OFFER

NAME: PATEL SATYAM PRAJAPATI BHARAT THAKAR RAVI

Offer
According to sec.2(a), when a person signifies to another his willingness to do or to abstain from doing something. Then such person is said to have made a proposal. Parties The person who makes an offer is known as offeror, proposer or promisor and the person to whom offer is made is called offeree or proposee, promisee.

Conditions of an Offer
1. 2. 3. 4.

One person must show his willingness to do a particular act. Or he must have shown his willingness to abstain from doing something. This desire must be expressed to a definite person only. The intention is to get assent of the other person, that is, to get his consent. A proposal may be made in any of the following manner.

By express words or spoken In writing By conduct

Essential Elements (Legal Rules) of an Offer

1.

Offer must be capable of creating legal relation: Offer must be certain, define & not vague: Offer must be expressed or implied: An offer may be specific or general: Offer must be communicated: Offer may be conditional:

2.

3.

4.

5.

6.

Types of Offer
1.

General offer Special offer Counter offer Standing offer

2.

3.

4.

Lapse of an Offer
By communicating the notice of revocation By Lapse of time By Death or Insanity of the offeror or offeree By failure to accept condition precedent By counter offer By not according to prescribed mode Destruction of subject matter of the offer

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