offer/proposal

Question 1

offer/proposal

Answer 1

one person show his willingness to do or not to do to obtain the consent of other person/party

Question 2

types of offer

Answer 2

1 specific offer 2 general offer 3 counter offer

Question 3

essential of an offer/proposal

Answer 3

1 two person 2 intention to create legal relationship 3certain and definite 4 offer must be communicated note 1 offer may be conditional 2 an invitation to offer is not an offer

Question 4

lapse/ revocation of an offer/proposal

Answer 4

1 revocation by offeror 2 rejection by offeree 3 non fulfilment of condition 4 passing of stipulated or reasonable time 5 death or insanity of parties before acceptance 6 counter offer 7 subsequent illegal or destruction of subject matter

Question 5

acceptance

Answer 5

when the person to whom the offer is made shows his consent it is called acceptance

Question 6

essential of acceptance

Answer 6

1 acceptance must be absolute and unconditional 2 with stipulated and reasonable time 3 with stipulated or reasonable manner /mode 4 acceptance must be given only by the person to whom it is made 5acceptance cannot precede an offer 6 rejected offer cannot be accepted unless renewed 7 negative confirmation 8 acceptance of consideration or performance of a condition 9 acceptance must be communicated

Question 7

revocation of acceptance

Answer 7

acceptor can revoke his acceptance by notifying other party before it reaches him

Question 8

agreement

Answer 8

promises forming consideration each other are called agreement

Question 9

contract

Answer 9

contract is an agreement which is enforceable by law note every contact is an agreement but every agreement is not contract

Question 10

enforceable by law

Answer 10

a contract becomes enforceable by when it create legal obligation following are agreement which can not be enforceable by law 1 illegal agreement 2 impossible agreement 3 social domestic or religious agreement (unless agreed by parties)

Question 11

specific offer

Answer 11

an offer is specific when it is made to a definite person /persons such an offer can be accepted only by the person to whom it is made

Question 12

general offer

Answer 12

an offer is general when it is made to the word at large or public in general any person can accept such offer by acting on condition of the offer

Question 13

counter offer

Answer 13

an offer made by the party in response to a previous offer note counter offer cancel original offer

Question 14

how to offer can be communicated

Question 15

who is agent

Answer 15

a person employed to do act and make contract for another person

Question 16

who is principal

Answer 16

a person who are appointed agent on behalf on his or person for whom act is done

Question 17

can minor engage an agent

Answer 17

no minor can not engage agent because minor is not competant to contract

Question 17

can an elder engage minor an agent

Answer 17

yes minor can be an agent but not liable to any liabelites