Dear sir
I can't understand the difference between offer and invitation
Please explain the difference
Thanks in advance
Regards
Rakibul
Ask the Tutor ACCA LW
Difference between offer and invitation
It's all in the lectures!
An offer is from one person to another - X to Y - and, if Y accepts the offer, a contract is formed
An invitation is, for example, where X says to Y "If someone would be prepared to pay me £20,000, I would be prepared to sell them my Ferrari"
It's inviting Y to say "Yes, OK, I'll pay you £20,000 in exchange for your Ferrari"
However, the statement by X was not an offer - it was an invitation. So Y cannot, by the response, claim that that response was acceptance of an offer - it was, in fact, an offer in itself from Y to X and it's now up to X to decide whether to accept Y's offer of £20,000 in exchange for the Ferrari
An invitation is not capable of acceptance - it's there to invite others to make an offer. Thus, the person making the invitation is now, on receipt of responses received, in a position to decide whether to accept any of those responses
Is that any better?
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