BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The terms of a contract must be accepted by the party to whom it was communicated. An agreement to commit a crime can be considered a contract. A bilateral contract is one that is formed by a mutual exchange of legally binding promises. An offer must appear to be serious when making an offer.

Detailed explanation-2: -1] Acceptance can only be given to whom the offer was made In the case of a specific proposal or offer, it can only be accepted by the person it was made to. No third person without the knowledge of the offeree can accept the offer.

Detailed explanation-3: -The one who makes the offer is known as the “offerer, ” while the person who receives the offer is called the “offeree.” Although you can make an offer with just a single-sentence verbal statement, you and the other party will generally benefit from a detailed written description of the offer and its terms.

Detailed explanation-4: -The parties to a contract must either perform, or offer to perform, their respective promises, unless such performance is dispensed with or excused under the provisions of this Act, or of any other law.