OFFER

Question 1

What is an offer?

Answer 1

An offer is a definite statement or proposition made by one party called the offeror to other party called the offeree, clearly and precisely indicating the terms in which the offeror is willing to enter into a contract with the offeree.

Question 2

who is a offeror and a offeree?

Answer 2

The offeror is the party who makes the offer.
The offeree is the party that accepts or does not accept the offer. So for there to be an agreement there must be 3 things: an offer, offeror and offeree.

Question 3

What is definite?

Answer 3

In the sense that offer must be clear and specific to the terms and conditions

Question 4

what is certain?

Answer 4

The offer must be certain. There must be no room for uncertainty. It must be clear.

Question 5

What is unequivocal?

Answer 5

It should be straightforward and not subject to multiple interpretations.

Question 6

What are the conditions for Offer?

Answer 6

1) It must be definite, clear, and unequivocal. it must be free from any doubt or conflicting interpretations.
2)The proposition must emanate from the person liable to be bound if the terms are accepted.
3)The offer must be communicated to the offeree

Question 7

State when an offer terminates?

Answer 7

1)Revocation
2)Lapse of time
3)Death or incapacity
4)Rejection

Question 8

What is Invitation to treat?

Answer 8

An invitation to treat means that one party is willing to invite an offer.