No

   
           Offer
       
       Invitation to offer
1

Meaning :

    Offer is the first step/ starting point for formation of any contract. It is also called ‘proposal’.
    The person who makes the offer is called as ‘offeror’ and to whom the offer is made is called as ‘offeree’  


Meaning :

When a person expresses something to another person, to invite him to make an offer it is known as invitation to offer.

2

Definition :

Section 2 (a) of Indian Contract Act, 1872 defines offer as “ When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal”

The term ‘proposal’ used in the Indian Contract Act, 1872 is synonymous with the term ‘offer’ used in English law.


Definition :

Invitation to offer is not defined in the Indian Contract Act, 1872.

It can be defined as “when one party / persons are invited to one or more offer is called as invitation to offer”.

It is not required for them to get into contract.





  

3

Offer is made to get accepted

Invitation to offer is made to get offer



4

Object of offer is to enter into contract


Object of invitation to offer is to receive offers from people thereafter contract will be created.



5

Offer becomes an agreement when it is accepted

An invitation to offer becomes an offer.



6

Offer gives rise to legal consequences


Invitation to offer does not give rise to legal consequences

.

1 comments:

Post a Comment

See Also..