Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
12 Cards in this Set
- Front
- Back
|
Offer |
According to [ section 2 (a) ] "when one person signifies to another his willingness to do or abstain from doing anything,with a view of obtaining the assent to that other, to such act or abstinence,he is said to make a proposal." |
|
|
Express offer |
Offer made by words spoken or written |
|
|
Implied offet |
Offer implied from the conduct of parties or circumstances of the case |
|
|
General offer |
An offer made to world in large or public in general. It can be accepted by any person , who has the knowledge of the offer and by fulfilling the terms of the offer. |
|
|
Specific Offer |
An offer made to a specific person or a specific group of persons |
|
|
Invitation to offer |
If the person who makes the statement intends to do some further act , before he becomes bound by it . |
|
|
Counter offer |
When offeree accepts the original offer subject to some modifications and variations. |
|
|
Cross Offer |
Identical offers exchanged in ignorance of each other's offers |
|
|
Acceptance |
When the person to whom the proposal is made signifies his assent thereto proposal is said to be accepted. The proposal when accepted becomes . |
|
|
Tender |
An offer for supply of goods or services or to execute certain work at a particular price |
|
|
Specific or Definite Tender |
Where the offer is to supply a definite quantity of goods |
|
|
Standing Offer or Standing Tender |
An offer which is allowed to remain open for acceptance over a period of time |
