Types of offer in business law

In this video, you will learn Types of offer in business law.

An offer is the first step in the formation of a contract, it marks the beginning of contractual obligation between the parties. As is a known fact that Acceptance can only be made to a prior offer, an offer is essential for the formation of a contract.
An offer is defined under Section 2(a) of The Indian Contract Act

An offer can be of many types, ranging across the spectrum. There are basically 7 kinds of offers:
Express offer
Implied offer
General offer
Specific Offer
Cross Offer
Counter Offer
Standing Offer

click the below link for Part 1 on Offer👇
   • What is Offer, Essentials elements of...  
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