UrbanPro

Take BCom Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

What are the essential elements of a valid offer? How is it different from valid acceptance

 

Asked by Last Modified  

Follow 5
Answer

Please enter your answer

Professional tuitor with 7 years experience. Doing smart work and lots of practice

It contain some offer and the details regarding that and it is different from valid acceptance as you pay certain sum for that
Comments

Kannada Assistant professor with 5 Years of Teaching Experience

(1) The offer must be Communicated Communication or expression of the willingness by the offerer to enter into a contract or abstain from doing so is essential for a valid offer. Mere desire or willingness to do or not to do something is not enough and will not constitute for an offer.
Comments

Experienced Faculty for commerce, CA and CMA and Career councilor

Hi Parvinder, Essential elements of Valid Offer are: Demonstrates intent to enter a contract. Clearly specifies terms. Communicated to the offeree. Identifies parties. Can be revoked unless there's an option or consideration. Must have a legal purpose. and essential...
read more

Hi Parvinder, 

Essential elements of Valid Offer are:

  • Demonstrates intent to enter a contract.
  • Clearly specifies terms.
  • Communicated to the offeree.
  • Identifies parties.
  • Can be revoked unless there's an option or consideration.
  • Must have a legal purpose.

and essential elements of Valid Acceptance are:

  • Reflects the intent to accept the offer.
  • Generally matches the offer's terms.
  • Must be communicated.
  • Should be timely.

In essence, an offer initiates the contract, while acceptance finalizes it. Both need intent, communication, and adherence to the offer's terms to be valid. 

 

Hope you got the differnce. 

 
 
 
read less
Comments

Experienced Maths, Science,Social Science tutor

it must be clearly communicated, giving the offeree a chance to accept or reject it
Comments

View 2 more Answers

Related Questions

Should I spend 80 lakhs for a BCom in Canada?
No dear , clearly it's no 🙏don't spend 80 lakhs
Rakes
0 0
7
I teach accounts from class 11th to 12th and all three years of B.Com in jaipur interested students can contact
Hi Kavithayini, To begin with Appologies to both of you for breaking in between your conversation. Well I do take online classes let me know if I can be of any help to you. @Mr.Nitshill Thank you for your question.?? Regards, Vishal Jain
Nitesh
0 0
6
What is the importance of entrepreneurship development in BCom?
Entrepreneurship development is important part in Bcom because in B.com students learn in detail about entrepreneur and it's development. Entrepreneur is a person involved in entrepreneurship.
Pratik
0 0
5
Can a BCom student crack the CAT exam?
Hello Preeti, YES as a bcom student you can crack the CAT exam. You need to stay focused and self motivated. Practice questions as much as you can. Also opt for good guidance. Thank you
Preeti
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Introduction To Partnership Firms
Fundamentals of partnership: A partnership comes into existence by an agreement. This agreement can be verbal or written. When two or more individuals enter into a partnership and sign a written agreement...

Law: Nature And Kinds Of Contracts
CHAPTER SUMMARY: 1.1. INTRODUCTION AND DEFINITION OF CONTRACT Following points/topics are discussed under this article: 1.1.1. Introduction: In India, the law relating to contracts is contained in...

7 T's Post Corona : Economic and Management view
Every Economy is a Keynesian Model right now but not to increase the Aggregate Demand but to control the Pandemic. As the saying goes, the rule of war never changes, it's the weapons that change. So post...

CU 1ST YEAR 2017 - ACCOUNTS SUGGESTION
Financial accounting" For Short Questions of 2 marks read the past years questions & answers. Some of the important topics for the short questions are given below: a. Accounting Cycle b....

GST: Goods And Service Tax
What is GST? Goods and Services Tax, GST is a comprehensive tax levy on manufacture, sale and consumption of goods and services at a national level. Through a tax credit mechanism, this tax is collected...
F

Recommended Articles

While schools provide formal education to the children, the home is where they start learning about things informally. Parents think that schools will take the initiative to educate their children. Well, this is partially true, as parents also play an essential role in bringing up their child. For the development of particular...

Read full article >

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for BCom Tuition Classes?

The best tutors for BCom Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take BCom Tuition with the Best Tutors

The best Tutors for BCom Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more