3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />1<br />
Anu Mishra<br />M.B.A(Finance and International Business) ,IA+<br />anu.mishranu@gmail.com<br />
LEGAL ASPECT’S OF BUSINESSOffER OR PROPOSAL<br />Presented By :Anu Mishra<br />                                   M.B.A 2N...
MEANING<br />Sec 2(a) of the Indian contract act 1872<br />When one person signifies to another his willingness to do from...
Characteristics of offer<br />Expression of willingness for doing something.<br />Must be made to another person .<br />Ma...
Types of Offer<br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />7<br />General &  Special <br />Offers<br />Express & I...
Essential of Valid Offer<br />Express or Implied.<br />Positive or Negative.<br />Create a legal Relationship.<br />Defini...
Termination of Offer<br />By notice of revocation.<br />By lapse of time.<br />By death of the offeror.<br />By rejection....
Acceptance<br />When the person to whom the proposal is made signifies his asssent there to, the proposal is said to be ac...
Essential of Valid Acceptance<br />It must be absolute and unconditional.<br />Cannot precede an offer.<br />May be expres...
3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />12<br />
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Legal aspect’s of business

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Legal aspect’s of business

  1. 1. 3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />1<br />
  2. 2. Anu Mishra<br />M.B.A(Finance and International Business) ,IA+<br />anu.mishranu@gmail.com<br />
  3. 3. LEGAL ASPECT’S OF BUSINESSOffER OR PROPOSAL<br />Presented By :Anu Mishra<br /> M.B.A 2ND SEM<br /> B.U<br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA<br />3<br />
  4. 4. MEANING<br />Sec 2(a) of the Indian contract act 1872<br />When one person signifies to another his willingness to do from anything with a view to obtaining the assent of other person to such act or abstinence,he is said to make a proposal.<br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />4<br />
  5. 5.
  6. 6. Characteristics of offer<br />Expression of willingness for doing something.<br />Must be made to another person .<br />Made with a view to obtain assent of the second party to such act .<br />Expression of willingness must be made with a view to create legal obligation .<br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />6<br />
  7. 7. Types of Offer<br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />7<br />General & Special <br />Offers<br />Express & Implied <br />Offers<br />Positive & Negative <br />Offers<br />Cross Offer<br />
  8. 8. Essential of Valid Offer<br />Express or Implied.<br />Positive or Negative.<br />Create a legal Relationship.<br />Definite and Certain.<br />Special terms must be noticed.<br />General or specific.<br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />8<br />
  9. 9. Termination of Offer<br />By notice of revocation.<br />By lapse of time.<br />By death of the offeror.<br />By rejection.<br />By illegality or destruction of subject matter. <br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />9<br />
  10. 10. Acceptance<br />When the person to whom the proposal is made signifies his asssent there to, the proposal is said to be accepted.<br />A proposal when accepted it becomes promise .<br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />10<br />
  11. 11. Essential of Valid Acceptance<br />It must be absolute and unconditional.<br />Cannot precede an offer.<br />May be express and implied.<br />Must be given with a reasonable time.<br />Must show to fulfill a promise.<br />Offer once rejected cannot be accepted until it is renewed.<br />Silence . <br />3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />11<br />
  12. 12. 3 JUNE 2011<br />PRESENTED BY:ANU MISHRA <br />12<br />

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