Basic Rules of Offer and Principle of Acceptance

BUSINESS LAW
(Assessment B)

Table of Contents
INTRODUCTION ..........................................................................................................................3
MAIN BODY...................................................................................................................................3
Explain the basic rules of an offer. Illustrate your work with case law examples.....................3
Explain the basic principle of acceptance. Illustrate your work with case law examples..........4
CONCLUSION ...............................................................................................................................6
REFERENCES................................................................................................................................7

INTRODUCTION
Contract law is the most important element for the individual that are interested in
coming into any agreement. All the agreements when being framed and are enforceable by law
will be counted as a contract(Barsan, 2017). It covers all the rules and laws with certain essential
elements that are important for the parties to follow the rules like offer, acceptance, consideration
and also the legal obligation through which the contract can be framed. In this report there will
be a detailed discussion about the offer and the acceptance in order to frame any contract with
their general case laws.
MAIN BODY
PART 1
Explain the basic rules of an offer. Illustrate your work with case law examples.
Offer is the willingness of any person in order to get into any task with an intention to
make the work done when the party accepts that work to be made. It is mainly at prior is a
statement that is made by the one party in order to frame or enter in a contract and that to be
made or communicated to the other person that may be called as Offeree. And the person who I
generating that offer will be named as Offeror. There are certain important elements which are
important in order to make that offer valid that is fair description of the terms of the contracts
and the reason behind that offer is made in order to enter in a contract all the companies should
try to make the clear and valid intentions. In all the offer being made there are two main p0erson
that are covered in the contract they are: Offerer- The person who is making the proposal in front of the other person will be
named as an offerer and initiative of the contract will be made by this person who
propose the offer.
 Offeree- This is the person to whom the offer is being made as that proposal when being
made to any person that will be termed as offeree.
There are mainly two kinds of offer that bis being made by any person they are:
 General offer- All the offer which are made for the whole public as in order to make it
fulfil. There will not be any specific individual in that contract and that offer will cover
whole public (Depincé, 2020).Mainly all this offer use to abide when the person making
such offer wants that work to be done by any person.