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    Types of Offer

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    Sohail Ahmed
    The document discusses different types of offers under contract law: 1) A general offer is one made to the public, such as an advertisement offering a reward, which can be accepted by any member of the public who meets the terms. 2) A specific offer is one made to a particular offeree, and can only be accepted by that offeree. 3) A counter offer occurs when the offeree makes a different offer in response rather than accepting the original offer, thereby rejecting the original offer.

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    Types of Offer

    Uploaded by

    Sohail Ahmed
    10 views2 pages
    The document discusses different types of offers under contract law: 1) A general offer is one made to the public, such as an advertisement offering a reward, which can be accepted by any member of the public who meets the terms. 2) A specific offer is one made to a particular offeree, and can only be accepted by that offeree. 3) A counter offer occurs when the offeree makes a different offer in response rather than accepting the original offer, thereby rejecting the original offer.

    Original Description:

    Indian Contract Act 1872

    Original Title

    5. Types of Offer

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    The document discusses different types of offers under contract law: 1) A general offer is one made to the public, such as an advertisement offering a reward, which can be accepted by any member of the public who meets the terms. 2) A specific offer is one made to a particular offeree, and can only be accepted by that offeree. 3) A counter offer occurs when the offeree makes a different offer in response rather than accepting the original offer, thereby rejecting the original offer.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    10 views2 pages

    Types of Offer

    Uploaded by

    Sohail Ahmed
    The document discusses different types of offers under contract law: 1) A general offer is one made to the public, such as an advertisement offering a reward, which can be accepted by any member of the public who meets the terms. 2) A specific offer is one made to a particular offeree, and can only be accepted by that offeree. 3) A counter offer occurs when the offeree makes a different offer in response rather than accepting the original offer, thereby rejecting the original offer.

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    © All Rights Reserved
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    The Indian Contract Act, 1872

    Types of Offer

    General Offer
    The Carlill v Carbolic Smoke Ball Co.

    • Company published advertisements claiming that it would pay £100 to

    anyone who got sick with influenza after using its product according to the

    instructions set out in the advertisement

    • Mrs. John saw the advertisement, bought one of the balls and used

    according to the instructions and she contracted the flu and accordingly

    claimed £100 from the Carbolic Smoke Ball Company

    • Held, she could recover money as she had accepted the offer

    Specific Offer
    • X offers to buy car from Y for ₹10 lakh

    • Z communicates acceptance

    • Held, No person other than Y can accept this offer

    Exception:

    A duly authorized agent of offeree can accept the offer


    Counter Offer

    Cross Offer
    Offer through Post

    On 1/6/1988

    A→ B: offering to sell his car for ₹1 lakh

    On the same day

    B→ A: offering to buy A’s car for ₹1 lakh

    Standing Offer
    • An offer which is allowed to remain open for acceptance over a period of

    time is known as standing or continuing or open offer.

    • Tenders that are invited for supply of goods is a kind of standing offer.

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