Offer and Acceptance The words Proposal and Offer are synonyms and are used interchangeably. Section 2 (a) of Indian contract act defines a proposal as “when one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtain assent of that other to such act or abstinence, he is said to make Read More …
COMMUNICATION OF ACCEPTANCE
It is very important to understand when will the acceptance be valid and what would be criteria to consider an acceptance as communicated. Let’s take an example to understand the concept Illustration: Yashika lives in Sagar and wants to sell her scooter to her friend Vikas, who lives in Indore. She sends a letter through post on 18th Jan. 2018 Read More …
TYPES OF OFFER
Types of Offer: offers may be classified on the basis of following: I. On The Basis of Mode of Making The Offer: 1. Express offer: An offer made by way of words, either spoken or written is called an express offer. Illustration: (A)Vikas offers Vishal to sell his scooter for ₹3,000 by words when standing next to him. It Read More …
CREDIT RATING: CONCEPT, TYPES AND FUNCTIONS
Download file CREDIT RATING: CONCEPT, TYPES AND FUNCTIONS PDF CREDIT RATING: CONCEPT, TYPES AND FUNCTIONS PPT
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