Offer: A proposal is an expression of will or intention to do or not to do something. It is also called an "offer". It is one of the essential elements of an agreement. It is the very basis of the...
Actually, consideration has nothing to do with offer and acceptance. It's a totally unrelated concept. A valid offer is essentially a statement or action which unambiguously lays out the terms of the...
Legal rules of acceptance i) Acceptance must be given only by the person to whom the offer is made: An offer can be accepted only by the person or persons to whom it is made and with whom it imports...
Agreements and contracts are two different things. It is important to know first what constitutes a contract and what constitutes an agreement. We will then study which agreements are contracts,...