KINDS OF OFFER IN BUSINESS LAW
Offer is an expression of will or intention and also known as proposal. An offer may be express, implied, general, specific, counter, cross and standing.
Category: COMMERCIAL LAW
ESSENTIALS OF VALID OFFER – INDIAN CONTRACT LAW 1872 NOTES
ESSENTIALS OF VALID OFFER WHAT IS AN OFFER? The term ‘offer’ is also known as ‘proposal’. It is the starting point in the formation of a contract. According to Section 28 of the Indian Contract Act, 1872 “When one person signifies to another his willingness to do or abstain from doing anything with a view…
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INDIAN CONTRACT ACT 1872- 10 ESSENTIALS OF INDIAN CONTRACT ACT 1872 – EASY NOTES
The Indian Contract Act was enacted on 25th April, 1872 and came into force on the first day of the September 1872. It is applicable to every state of India except the state of Jammu and Kashmir. It contains the general principles regarding contracts.