2
The Indian Contract Act 1872: Offer and Acceptance of an Offer
Learning Objectives
In this chapter, the students come to know the
Offer and its essential elements.
Kind of offer.
Lapse of offer.
Acceptance of an offer and its requirements.
Rule of communication for an offer and acceptance.
An offer is the first step in the formation of a contract. An offer is a proposal by one person to another to enter into a contract. The term offer is defined under Section 2(a) as under:
‘When one person signifies to another, his willingness to do or abstain from doing anything with a view to obtaining the assent of the other, to such an act or abstinence, he is said to make a proposal’.
2.1 ESSENTIAL ELEMENTS OF AN OFFER (PROPOSAL)
From the above definition, ...
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