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Offer Acceptance

The document discusses the key elements of a valid offer in contract law. It defines an offer as a willingness to enter into a legal agreement communicated by one party to another. An offer must be clear, definite, and communicated to the intended offeree. It can be expressed verbally, in writing, or implied through actions. For an offer to be valid and create a legal obligation, it must be made by an owner of goods or an authorized agent and be capable of being accepted to form a binding contract. The document provides examples to illustrate different types of offers and conditions for an offer to be terminated or revoked.

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Maha Adil
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430 views15 pages

Offer Acceptance

The document discusses the key elements of a valid offer in contract law. It defines an offer as a willingness to enter into a legal agreement communicated by one party to another. An offer must be clear, definite, and communicated to the intended offeree. It can be expressed verbally, in writing, or implied through actions. For an offer to be valid and create a legal obligation, it must be made by an owner of goods or an authorized agent and be capable of being accepted to form a binding contract. The document provides examples to illustrate different types of offers and conditions for an offer to be terminated or revoked.

Uploaded by

Maha Adil
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Presented by:

Nousheen Abbas Naqvi


KASBIT
Offer

 “When a person signifies his willingness to another
with a view to obtaining the assent of that other
person.”
Example:
Mr.Ali offers to sell his Car to
Mr.Hasnain at Rs.2,000,000 Mr.Hasnain
accepts his offer.

Mr. Hasnain Mr. Ali


Parties

Offeror
Mr.Ali

Offeree
Mr.Hasnain
Who can Offer

Owner of the
 Person
Authorized by
Goods The Owner

Such authorized
Person is
Called Agent
Essentials of a valid
offer

 It may be express or implied
 It must create legal relationship
 It must be definite and clear
 It may be special or general
 It is different from invitation to offer
 It must communicate to the offeree
 It may contain any condition but not negative
condition
Offer

Expressed
 Implied

Oral By Conduct

No Words
Written
Offer Must Create Legal
Relationship

Mr.Y accepts Ms.X offers to
her offer Mr.Y at dinner

Not Valid offer


Ali possesses three cars.

Mr.Ali offers to sell his Car to


Mr.Hasnain at Rs.2,000,000
Mr.Hasnain accepts his offer.

Not definite and clear


offer. It doesn’t make
contract
Specific offer General
offer

Mr.Ali offers to sell his Car


to Mr.Hasnain at
Rs.2,000,000 Mr.Hasnain Mr.Ali announces in a
accepts his offer. news paper a reward of
Rs.3,000 for any one
who will find and return
his Suitcase
Invitation to Offer

 Examples:
 Initial public offer
 Hotel Menu Card
 Quotations
 Exhibition ad
 Jobs ad
Offer must communicate to the offeree

Offeror Offeree

Expressly : by mouth, by phone, letter, email, Fax,


news paper, agent
Impliedly: by Actions or conduct
Conditional Offer

 Mr. Haider offers to purchase a washing machine
which has dryer also.
Termination or
Revocation of Offer

 Notice of Revocation
 Lapse of Time
 Failure to fulfil Condition
 Revocation of offer by offeree
 Counter offer by offeree
 Death or insanity of the offeror or offeree
 Subsequent Illegality
 Destruction of Subject matter

THE END

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