As a professional, I have written an article on “general and specific offer in contract”.
A contract is a legally binding document that defines the terms and conditions of an agreement between two or more parties. The offer is a crucial element of the contract, which highlights the essential part of the contract. It outlines the terms and conditions that one party is willing to enter into with another party.
There are two types of offers: general and specific offer. Each type of offer has its significance in the contract.
General Offer:
A general offer is when an individual or party makes an offer to the public or an undefined group of people. It is an invitation to enter into the contract. The person making the general offer does not select any specific individual or group to offer to. Instead, they put up an advertisement for anyone who is interested in accepting it.
For instance, a company that sells products online will make a general offer to the public by advertising their products on their website. They are willing to enter into a contract with anyone who chooses to buy their product.
However, the offeror must be ready to fulfill the terms and conditions of the offer when it is accepted by someone. In the case of the company that sells products online, they must have the products available, and they must be willing to deliver the products to the buyer.
Specific Offer:
A specific offer is when one party makes an offer to a specific individual or a group of people. It is a personalized offer made to a particular person or a group of persons. Unlike the general offer, the specific offer is directed towards a particular individual or group of people.
For instance, if a company wants to hire an individual, they will make a specific offer to that person outlining the terms and conditions of their employment. The offer is made to that particular person, and if they accept the offer, they will enter into a contract with the company.
It is essential to note that a specific offer can only be accepted by the person or group to whom the offer was made. If anyone else tries to accept the offer, it will not be valid.
In conclusion, the offer is an important element of the contract that outlines the terms and conditions that one party is willing to enter into with another party. There are two types of offers: general and specific offer, and each type of offer has its significance in the contract. As a professional, it’s essential to ensure that the language used in the offer is clear, concise, and unambiguous to avoid any confusion that may arise in the course of the contract.