1. 1. Proposal:
When one person signifies to another his willingness to do or to abstain from
doing anything With a view to obtaining the Assent of that other such act or
abstinence is a proposal.it is also known as offer. (Table A)
 Essentials of Proposal
 It Must create legal relationship
 It Must be definite and clear
 It Must be different from invitation to offer
 It Must be communicated to the offeree
 It Should not contain negative condition
 It May be subject to nay condition
 It Must not contain cross offers
2. Acceptance:
When the person to whom the proposal is
Made signifies his assent thereto,
The proposal is said to be accepted (Table B)
 Essential of Acceptance
 Must be given by the offeree Or his authorized agent
 Must be absolute and un conditional
 Must be in a prescribed manner
 Must be communicated to the offerer
 Must follow the offer
 Must be given within reasonable time
3. Promise.
A proposal, when accepted becomes a promise.
4. Promisor and Promisee:
The person making the proposal is called the "promisor", and the person
accepting the proposal is called the "promisee but after acceptance
Before acceptance the former will be called proposer or offerer and the second
will be called proposee or offree.
Subject: Contract Law
Standard: LL.B First year
Topic: Definition of key terms
MUNIR HUSSAIN KTK
Lecturer
UNIVERSITY LAW COLLEGE
QUETTA
www.facebook.com/pages/Corridor-to-Commercial-Law
Objective
To learn
1. The key terms.
Note.
The journey toward contract
starts with the offer or
proposal so to determine
that’s a particular statement
is a proposal, invitation to
treat or just information
certain key words are
imperative to understand.
Want sell
Ali
Maha
Want to sell his
Toyota car .black,
model 2000
Price 50000.
Agreed to
purchase.
Acceptance
given.
Communicated
Table A Table B
Communicated