Documente Academic
Documente Profesional
Documente Cultură
a) Prospectus
b) Advertisement for promotion
c) General enquiry
d) Announcement for sale or auction
e) An invitation for offer
f) An announcement for scholarship to the best students
1
Kind of offers
Example-
- A offers to sell his laptop for Rs 20000 to anyone who wishes to buy
the same
- Going to doctor for treatment, travelling in Rail, buying books from
shops, etc
2
Example- ABC company offers to sell one of their factory and offers XYZ
company for Rs 200 Crores provided all the employees are retained and
there will be no retrenchment. The payment terms were Rs 150 upfront
and the balance on transfer of ownership of the factory. XYZ indicated
that they were ready to accept provided the upfront payment was Rs
100 Crores only and with 15% retrenchment of the employees.
Cross offer- When the two parties make identical offer to each other,
in ignorance of each other’s offer, such offers are known as cross offer.
this does not constitute acceptance of one’s offer by the other.
Laps of offers
-on expiry of the validity of offer
-when the offer becomes illegal/opposed to govt policy
-when either offeror or the offeree dies or become insane before the
offer is accepted,
-When an offer lapses by the counter offers
-when the offeror revokes his offer before the offer is accepted.
3
COMMUNICATION OF OFFER,ACCEPTANCE AND REVOCATION
Communication of offers
- Written/post
- Mail/fax
- Telephone
- Tender notice
- Advertisement
Communication of acceptance
When the acceptance is communicated as per the mode specified
in the offer. Communication is complete when it reaches the
proposer as to be out of the power of the acceptor to withdraw it.