Law of Offer

The Law of Offer, in general knowledge, refers to the concept that an offer is a clear proposal made by one party to another, signaling a willingness to enter into a contract under specific terms. It must be communicated effectively and contain all crucial details, such as price and conditions. For the offer to be valid, it must be intended to create a legal obligation upon acceptance. In essence, it's the first step in forming a contract, establishing the foundation for potential agreement between two parties.