Offer - Indian Contract Act, 1872
Main Article : Indian Contract Act, 1872
Offer is one of the essential elements of a contract as defined in Section 10 of the Indian Contract Act, 1872.
Section 2(a) of the Indian Contract Act, 1872 defines the term "Proposal" as when one person signifies to another his willingness to do or to abstain from doing something with a view to obtaining the assent of the other to such an act or abstinence, he is said to make a proposal. The person making the 'proposal' or 'offer' is called the 'promisor' or 'offeror', the person to whom the offer is made is called the 'offeree'.
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