What is an Offer in Law
An expression of willingness to contract on specified terms With the intention that it is to be binding once accepted. A contract is then formed if there is an express or implied agreement. Contract Law Flowchart Pdf The person who proposes the terms of an agreement makes an offer and is called an offeror in contract law. . An offer is the first step in the formation of a contract it marks the beginning of contractual obligation between the parties. An offer is an indication by one person to another of their willingness to contract on certain terms without further negotiations. Contract law is a body of law that governs enforces and interprets agreements related to an exchange of goods services properties or money. The term offer is defined under Section 2 a as under. An offer is essential to the formation of an enforceable contract. An offer can be positive or negative. According to contract law an agreem...