Offer and acceptance

1. Offer And
Acceptance

2. Offer

3. Definition of offer
• Section 2(a) of Indian contract act
when one person signifies to another person
his willingness to do or abstain from doing
with a view to obtain of assent of that other
person.

5. I will sell my car
for10K.would u
purchase it??
Yes I will
purchase it.

6. Essential for making a valid contract
• Offer must be communicated to the other
party
• The offer must be made with a view to obtain
consent of the offree
• The offer must have its terms and definite and
clear
• The offer must be capable of creating legal
relationship

7. Types Of Offer
General
Offer
Specific
Offer
Counter
Offer
Cross
Offer

9. COUNTER OFFER
A counteroffer is a type of offer made in response to another offer,
which was seen as unacceptable. A counteroffer revises the initial
offer, making it more appealing for the person making the new offer.
Responding with a counteroffer allows a person to decline on a
previous offer, while allowing negotiations to continue.
COUNTER OFFER DOES NOT MAKE ANY CONTRACT

10. Cross Offer
• When two persons make identical offers (EX.
Similar in terms, conditions) to each other,
without having knowledge of each other’s
offer are known as CROSS OFFER

11. A makes a offer to B B makes a offer to A

13. Invitation to offer
• When one or many party/persons are invited
to one or more offer is called as invitation to
offer, it is not require for them to get into
contract.
Display of goods by a shopkeeper in his
window , with prices marked on them is not
an offer, But merely an invitation to the public
to make an offer to buy the goods at the
marked price.

16. Communication of an offer
• Section 4(a)
– When the offeree understand and have a
knowledge about the offer.

17. Revocation Of Offer And
Communication

18. Acceptance

20. Definition
• According To Sec 2(a)
• “ When the person to whom the proposal is
made signifies his assent there to, The
proposal is said to be Accepted. A proposal
when accepted becomes a promise.”

24. Revocation Of Acceptance
• According to [sec.5 para-2]
An acceptance may be revoked at any time before
the communication of acceptance is complete as
against the ACCEPTOR, But not afterwards

29. PRESENTED BY:-
DEEPAK SHARMA