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Statement of intention
Corporate & Other Laws
Can you explain how the statement given below is a statement of intention and not an offer. : ' an announcement to give scholarship to children scoring more than 95% in 12th board '
Answers (4)
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 is an announcement wherein there's an intention to give scholarship to students scoring more than 95%. It's merely an expression of willingness, there's no intention to obtain consent from some other party. We say an offer is made when there's an expression of willingness with an intention to obtain consent of the other party.
Ashlesha Atal Faculty
This is an announcement wherein there's an intention to give scholarship to students scoring more than 95%. It's merely an expression of willingness, there's no intention to obtain consent from some other party. We say an offer is made when there's an expression of willingness with an intention to obtain consent of the other party.
But can't we consider this as a general offer wherein the students consideration is to get scholarship and their consideration is to have students with 95%+
Thread Starter
Dova ShajiBut can't we consider this as a general offer wherein the students consideration is to get scholarship and their consideration is to have students with 95%+
No, it is not a general offer, does not qualify the conditions for a valid offer.
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