Offer (Proposal) and Acceptance Indian Contract Act 1872 in Tamil | CMA Foundation Law Classes Video

Video Summary
Offer (Proposal) and Acceptance
முன்மொழிதல் மற்றும் ஏற்பு

Meaning and Definition of Offer:
For an agreement to come into force, there should be a definite offer by one party and unqualified acceptance by the party to whom offer is made.
Thus ‘An offer is an expression of willingness to contract on certain terms, made with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed, the “offeree”.

A proposal is defined as, ‘when one person signifies to another his willingness to do or 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.’ [Sec 2(a)]
The term proposal used in the Indian Contract Act is like the term “offer” used in English laws.

The person making proposal or offer is called the promisor or offeror and the person to whom offer is made is called the offeree and the person accepting the offer is called the promisee or acceptor.

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