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Indian Contract Act

Termination of Offer

Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Termination of Offer The party who makes the offer is known as the offeror, and the party who accepts the offer is known as the offeree. Termination of offer is where the offer is terminated before the other side(offeree) has the opportunity to […]

Categories
Indian Contract Act

Types of an Offer

Indian Legal System > Civil Laws > Indian Contract Act, 1872 > Types of an Offer A proposal is main ingredient of a valid contract. The term “proposal” of the Indian Contract Act is synonymous to the term “Offer” in English law. Section 2(a)of the Indian Contract Act, 1872 defines proposal as “when one person […]