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What is the legal definition of an offer?

As a business owner, it is crucial to have a clear understanding of the legal definition of an offer. In the realm of contract law, an offer refers to the act of making specific proposals with the intention of concluding an agreement. It is essentially a tender, a formal expression of willingness to enter into a contract on specific terms.

What is an offer and acceptance?

In legal terms, an offer is a clear, definitive, and communicated proposition by one party (the offeror) to enter into a contract on specified terms to be bound once accepted.

What is offer & acceptance in contract law?

Offer and acceptance are foundational to contract law, marking the initial stages of a contract’s formation. While the principles might seem straightforward, their application can be intricate, especially in modern contexts like e-commerce.

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