Offer and Legal rules for a valid offer.
An "offer" is a fundamental concept in contract law, representing a clear and definite proposal made by one party (the offeror) to another party (the offeree) with the intention of creating a legally binding agreement if the offeree accepts the terms as presented. Here's a breakdown of the legal rules for a valid offer: 1. Intent to Create Legal Relations: - The offeror must intend to create a legally binding agreement by making the offer. Social invitations, statements of intention, or mere expressions of interest are generally not considered offers because they lack this intent. 2. Definiteness and Certainty: - The offer must be clear, definite, and certain in its terms. It should sufficiently identify the subject matter, price, quantity, and any other essential terms to enable the offeree to understand what is being proposed. 3. Communication: - The offer must be communicated to the offeree. It can be communicated orally, in writing, or through conduct, but t