This document discusses key concepts related to offers and acceptance in contract law:
- An offer is a willingness to do or abstain from doing something with the goal of obtaining consent from another party. An offer must be communicated, made with the intent of gaining consent, have clear terms, and be capable of creating a legal relationship.
- There are different types of offers including general offers, specific offers, counteroffers, and cross offers. A counteroffer responds to an initial offer but proposes different terms, allowing negotiations to continue. Cross offers occur when two parties simultaneously make the same offer to each other without knowledge of the other.
- An invitation to offer is not actually an offer but rather invites potential offers.
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Corporate Talk Discussion Topic on - " CORPORATE COMMUNICATION IN ATHLETE ENDORSEMENT: CHALLENGES AND OPPORTUNITIES". Thanks to Ain Arjuna for inviting me as Guest Speaker and
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All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
What makes Rafah so significant that it captures global attention? The phrase ‘All eyes are on Rafah’ resonates not just with those in the region but with people worldwide who recognize its strategic, humanitarian, and political importance. In this guide, we will delve into the factors that make Rafah a focal point for international interest, examining its historical context, humanitarian challenges, and political dimensions.
In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
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.
4.
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
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
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.
14.
15.
16. Communication of an offer
• Section 4(a)
– When the offeree understand and have a
knowledge about the offer.
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.”
21.
22.
23.
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
