Law Of Offer And Acceptance

Law of offer and acceptance; The contract Act Contains rules regarding Offer which is narrated under bellow: 1) An offer may be express or may be implied from the circumstances. 2) An offer may be made to a definite person. 3) Legal relationship is required. 4) The terms of the offer must be certain, definite, unambiguous and not vague; 5) A mere statement of intention is not an offer; 6) An offer must be communicated to the offer; 7) An offer may be conditional.

An offer can be accepted only by the person or persons for whom the offer is intended. The contract Act Contains rules regarding Acceptance which is narrated under bellow: 1) It must be an absolute and unqualified acceptance of all the terms of the offer. 2) Conditional Acceptance. 3) Contacts subject to condition. 4) Clarification. 5) The acceptance must be expressed in some usual or reasonable manner. 6) Mental acceptance or uncommunicated assent does not result in contract. 7) The mode of acceptance. 8) Time of acceptance. 9) When acceptance is complete: Section 4 of the contact Act lays down that the communication of an acceptance is complete; 10) Before offer. 10) The acceptance must be made while the offer is in force, before the offer has been revoked or the offer has lapsed. Law of offer and acceptance