IGNOU BLE 102 2026 - Explain the terms Offer, Acceptance and Consideration with e

Question

Explain the terms Offer, Acceptance and Consideration with examples.

01 Jul 2026

Answer :

Word Count : 323

An offer is a clear and definite expression of willingness by one person, called the offeror, to enter into a contract on specified terms with the intention that it shall become binding as soon as it is accepted by the person to whom it is addressed. An offer must be communicated to the offeree and should contain terms that are certain and capable of acceptance. For example, if A writes to B stating, “I will sell you my motorcycle for ₹50,000,” A has made a valid offer. An invitation to treat, such as the

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