An offeror may attach any terms and conditions to the offer he makes. He may even prescribe the mode of acceptance. The offeree will have…

An offer lapses if acceptance is not communicated within the time prescribed in the offer, or if no time is prescribed, within a reasonable time….

An offer lapses by not being accepted in the mode prescribed, or if no made is prescribed, in some usual and reasonable manner. But, according…

An offer lapses if it has been rejected by the offeree. The rejection may be express i.e., by words spoken or written, or implied. Implied…

An offer lapses by the death or insanity of the offeror or the offeree before acceptance. If the offeror dies or becomes insane before acceptance,…

An offer lapses by revocation. An offer is revoked when it is retracted back by the communication of notice of revocation by the offerer to…

Revocation by non- fulfilment of a condition precedent to acceptance. An offer stand revoked if the offeree fails to fulfill a condition precedent to acceptance…

An offer lapses by subsequent illegality or destruction of subject matter. An offer lapses if it becomes illegal after it is made, and before it…

Valid contract Voidable contract. Void contract Unenforceable contract Illegal or unlawful contract From the point of view of enforceability a contract may be valid, voidable,…

According to section 2(i), it is”an agreement enforceable by law”, an agreement becomes enforceable by law when all the essential elements of a valid contract…