ACCEPTANCE The valid essentials of Acceptance are as follows: According to Section 2(b) of Indian Contract Act, 1872 “When the…
IMPORTANT KINDS OF OFFER OR PROPOSAL
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.
OFFER OR PROPOSAL & ITS VALID ESSENTIALS
OFFER The term offer is also known as proposal. It is the starting point in the formation of a contract.…
INDIAN CONTRACT ACT OF 1872
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.