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Article of law - Coggle Diagram
Article of law
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Proposal(offer)
Section 2(a) of the CA :-“ when one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to the act or abstinence, he is said to make a proposal”.
- S.2(a) CA 1950 : Proposal/offer is an announcement of a person willingness to enter into a contract.
Section 2(b) of the CA :-when the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted: a proposal, when accepted becomes a promise”.
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Section 2(c) of the CA :-
“ the person making the proposal is called the “promisor” and the person accepting the proposal is called the “promisee”.
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Revocation of proposal
S 5 (1) – A proposal may be revoked at any time before the communication of its acceptance is complete as against the proposer, but not afterwards.
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Minor
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Contract of scholarship: Sec 4 of the contracts(amendment) act, 1976
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