Understanding Proposals, Consent, and Free Consent in Contracts
Posted by Mirwan bugti and classified in Law & Jurisprudence
Written at on English with a size of 3.66 KB.
1. Proposal
When one person signifies to another his willingness to do or to abstain from doing anything, with a view to obtaining the assent of that other to such act or abstinence, he is said to make a proposal. (Section 2(a))
a. Promise
The word 'promise' in the act is used in a narrow sense to mean an accepted proposal. It is not the same thing as an agreement, which is defined under clause (e). The technical use of the word 'promise' in the Court Act is far narrower than the popular use. Express words of promise often are in law no narrower than a proposal. A proposal is merely an offer to be bound by a promise, and a promise in law is an accepted proposal. It is the promise only which can give rise to an agreement which, if enforceable by... Continue reading "Understanding Proposals, Consent, and Free Consent in Contracts" »