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Invitation to offer
Corporate & Other Laws
Can you explain how the statement given below is an invitation to offer and not an offer. : ' an announcement to give scholarship to children scoring more than 95% in 12th board '
Answers (2)
Offer and invitation to offer are two different terms having separate meanings. An offer is a proposal and invitation of offer is to invite some body to make a proposal. Offer leads to enter into contract while invitation of offer leads to offer. An offer is the final expression of willingness by the offeror to be bound by the offer should the other party chooses to accept it. On the other hand, offers made with the intention to negotiate or offers to receive offers are known as invitation to offer.
This has been discussed here - https://1fin.page.link/jequyLHH6V4AxYpg7
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