Explain ‘offer’ with a suitable example.

1.	Explain ‘offer’ with a suitable example.
Answer» A person is said to have made an offer when he 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. In other words, an offer is a proposal by one party to another to enter into a legally-binding agreement with it. Example : X offers Y his car for ₹ 1,50,000. Now, it is upto Y whether he accepts his offer or wants to make any changes in that.

Answer»

A person is said to have made an offer when he 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. In other words, an offer is a proposal by one party to another to enter into a legally-binding agreement with it.

Example :

X offers Y his car for ₹ 1,50,000. Now, it is upto Y whether he accepts his offer or wants to make any changes in that.

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Explain ‘offer’ with a suitable example.

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